The US Treasury Friday announced tighter financial sanctions on Russian banks and energy firms because of Moscow's continued interference in Ukraine. The US Treasury Friday announced tighter financial sanctions on Russian banks and energy firms because of Moscow’s continued interference in Ukraine.In a move aimed at making it harder for Russia’s top financial institutions and oil and gas companies to raise long-term funding, the Treasury cut the length of maturity of bonds issued by those companies that US individuals and institutions are allowed to trade.For Russian banks and other finance houses listed for sanctions, only debt of 14 days or …read more
Source: Pulse Nigeria
