Listen Live

4/6/22 - New Sanctions to Target Major Financial Institutions; Putin Family Members

Wednesday, April 6, 2022 at 7:06 AM

Russian oil and natural gas production is being affected by sanctions imposed after the Russian invasion of Ukraine. Image courtesy of Unsplash. 4/6/22.

New sanctions could directly target the children of Vladimir Putin.

A new round of sanctions are expected to be announced today, intended to further isolate the Russian economy. 

Sanctions would include further banning any new investment in Russian owned businesses.  They would also impose further limitations on the governments ability to use US Dollars to pay down debts, something the Russian government has been allowed to do while it's seen the value of the Ruble deteriorate since earlier sanctions were imposed.

These sanctions will directly hit family members of Vladimir Putin as well as two of the largest financial institutions in Russia. 

However, US officials admit, the sanctions will still take more time to drastically effect the Russian economy.  Despite seeing their currency collapse, Russia has been able to utilize their reserves to keep up with debt payments.  US leaders say the sanctions are intended to have that effect, but to also demonstrate unity among those sanctioning countries who have largely depended upon Russian oil and natural gas exports.

 

Share

More from National

On Air Now FamilyLife Today Dave & Ann Wilson
10:30pm
Never Tasha Layton 9:58pm
Encouraging Words From Your Bible

I have swept away your sins like a cloud. I have scattered your offenses like the morning mist. Oh, return to me, for I have paid the price to set you free.

ISAIAH 44:22 | NLT
Family-Friendly Commercial-Free
91.3 WCSG
Grand Rapids / Lakeshore
88.3 WCXK
Kalamazoo
90.9 WCFG
Battle Creek
89.9 WCXB
Benton Harbor

Search 91.3 WCSG