US, EU and allies seek to cripple Russian banks and currency with new sanctions
(Worthy News) – The United States and Western allies sought to cripple Russia’s banking sector and currency Saturday with an extraordinary set of sanctions punishing Moscow’s invasion of Ukraine.
Taking measures unprecedented against a country of Russia’s size and international stature, the allies cut selected banks from the SWIFT system, rendering them isolated from the rest of the world.
They hobbled the Russian central bank’s ability to use reserves to support the already sinking ruble, which a senior US official said will now “go into freefall.” [ Source: AFP (Read More…) ]
Worthy News reports from a biblical worldview with a commitment to accuracy, transparency, and editorial independence. Learn more about About Worthy News, our Editorial Standards, AI Use Policy, Ownership of Worthy News, News Tips and Corrections, and Worthy News Staff.
💡 Did you know? One of the best ways you can support Worthy News is by simply leaving a comment and sharing this article.
📢 Social media algorithms push content further when there’s more engagement — so every 👍 like, 💬 comment, and 🔄 share helps more people discover the truth. 🙌
Latest Worthy News
Books by George Whitten
Identity in Messiah Revealed https://identityinmessiah.com
A devotional journey calling believers out of self-doubt and into confident, Kingdom-rooted identity in the Messiah.
The Biblical Fall Feasts Revealed https://biblicalfallfeasts.com
An in-depth look at the Biblical fall feasts and their prophetic significance for believers today.
As an Amazon Associate I earn from qualifying purchases.
