She indicated that more than 50 percent. Russian trade is calculated in either dollars or pounds, so blocking payments in pounds — and the US government’s similar move on dollar transactions — “would destroy Russia’s ability to trade with the world.”

What banks does England impose sanctions on?

Banks imposed on them Penalties Like asset freezewe are Sofcompbank, Otkritie Bank FC and VEB.RF. Truss said the UK was seeking to coordinate a complete asset freeze on all Russian banks “within days”.

The head of British diplomacy admitted it Great Britain And its Western allies will have to endure some economic hardship in connection with the sanctions imposed on RussiaBut she stressed that the difficulties we are facing are not comparable to those of the people of Ukraine.

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