US to sanction Russia's largest bank, freezing Russian assets in America
chinadaily.com.cn | Updated: 2022-02-25 09:57
US President Joe Biden announced Thursday that the US will sanction Sberbank, Russia's largest lender, and four other financial institutions that represent an estimated $1 trillion in assets. He said the actions will limit Russia's ability to do business "in dollars, pounds, euros and yen" and "every asset they have in America will be frozen".
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