Among the targets were five major Russian banks, including state-backed Sberbank and VTB, the country’s two largest lenders, as well as wealthy individuals and their families.Washington imposed the new sanctions after Russian forces invaded Ukraine on Thursday, assaulting by land, sea and air in the biggest attack by one state against another in Europe since World War Two.
The restriction aims to hurt the Russian economy by blocking Sberbank from processing and settling payments within the U.S.financial system. Reuters first reported correspondent banking restrictions were part of the package on Sunday. The move effectively kicks the banks out of the US financial system, bans their trade with Americans, and freezes their US assets.
The Treasury said it was also imposing sanctions on what it called “financial sector elites,” describing them as senior executives at state-owned banks who it said took advantage of their closeness to the Russian power structure to maintain “an extravagant standard of living.”
So where's the sanctions on Israel?
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