Willemstad/Philipsburg - The European Union (EU), the United States (US) and other countries have announced and imposed multiple sanctions on Russia in recent days. The sanctions were issued in response to the recent incursion of Russian forces into Ukraine. These include sanctions against the Russian central bank and the exclusion of a number of Russian banks from Swift.
What do the sanctions against Russia’s central bank involve?
Central banks hold accounts with other central banks as well as sometimes with private financial institutions abroad. The money and securities held on those accounts are denominated in the currency of the country ...
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