Podknife - US aims tougher sanctions at banks helping Russia by World Business Report

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US aims tougher sanctions at banks helping Russia

Podcast |: World Business Report
Publisher |: BBC
Media Type |: audio
Podknife tags |: Business,; News & Politics
Categories Via RSS |: Business,; News
Publication Date |: Dec 22, 2023
Episode Duration |: 00:27:14

President Joe Biden has signed an executive order expanding the US's ability to impose sanctions against Russia.

The idea is to further isolate Moscow from the global economy by applying sanctions to foreign financial institutions that help Russia's military and defence sectors.

Those banks then won't be allowed access to the US financial system.

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