Bloomberg news agency, citing sources, reported plans to impose sanctions against Russia with restrictions on currency exchange
According to the agency, among the most likely restrictions could be the conversion of rubles into dollars and other foreign currencies – euros and pounds sterling. The West could also restrict investors’ ability to buy Russian debt on the secondary market.
The introduction of new anti-Russian sanctions, according to the US, would help prevent an “invasion of Ukraine”.
“The most radical option would be to ban Russia’s access to the SWIFT financial payments system, but that would hurt ordinary citizens, so Western officials are more inclined to pursue Russia’s ability to convert rubles into other currencies”, – Bloomberg writes.