Tag: G7 Russia sanctions

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Russian Ruble Plunges to 16-Month Low vs the US Dollar — Experts Cite Oil Price Cap

August 15, 2023

The Russian currency’s exchange rate versus the U.S. dollar recently dropped below RUB100 per greenback — its lowest in 16 months. Economists attribute the ruble’s latest plunge to the effectiveness of a price cap imposed on Russian oil by Western countries. Russ Mould said a strengthening U.S. dollar could be the reason why the Russian…
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US Expands ‘Unprecedented Global Sanctions’ on Russia With Over 300 New Targets

May 20, 2023

The U.S. has imposed new sanctions on Russia “in coordination with the G7 and other international partners.” Among the targets are “the channels Russia uses to acquire critical technology, its future energy extraction capabilities, and Russia’s financial services sector.” U.S. Treasury Secretary Janet Yellen says: “We are also advancing our efforts to cut off Russian…
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