US Imposes Sanctions on Nearly 300 Russian Companies: How has Moscow Responded?

The United States has announced a new package of sanctions aimed at Russia. An additional 33 individuals and nearly 300 companies and organizations, both Russian and foreign, that assist Moscow in circumventing already imposed restrictions, have been added to the black list. This was reported by dw.com.

Among the entities subject to the restrictions are companies from China, Turkey, Kazakhstan, Kyrgyzstan, Bulgaria, Serbia, the United Arab Emirates, Belarus, and the British Virgin Islands, according to a statement released by the US Treasury.

Sanctions have also been imposed on several Russian financial institutions acting as intermediaries in the Russian foreign exchange market during dollar trading, specifically targeting the Moscow Exchange, the National Clearing Center, and the National Settlement Depository.

The Moscow Exchange has already announced that it will not conduct trading in dollars and euros starting June 13. At the same time, it assured that the exchange has the necessary tools to ensure uninterrupted trading in conditions of increasing volatility.

Profile Telegram channels note that the sanctions against the Moscow Exchange and the National Clearing Center threaten isolation from the dollar system, including the cessation of trading in dollars and euros.