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U.S has announced it will cut off Russia ‘s Central Bank from U.S dollar transactions

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According to CNN, American officials have booted Russia ‘s Central Bank from being able to make; maintain, or process any kind of U.S dollar transactions. This means that as noted by numerous experts Putin will not be able to access his alleged $630B warchest that he had hoped to rely on in the midst of the war. These new sanctions are also targeting the finance ministry, National Wealth Fund and Direct Investment Fund.

“No country is sanction proof,” a White House official said. “Putin’s war chest of $630 billion in reserves only matters if you can use it to defend his currency, specifically by selling those reserves in exchange for buying the ruble.”

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