US Intensifies Financial Pressure on Russia, Disrupting Global Transactions

The US has significantly hindered Russia's financial transactions with countries like Turkey and the UAE, leveraging the threat of sanctions to enforce compliance.

• The US has effectively disrupted financial flows between Russia and countries such as Turkey, the UAE, and Kazakhstan through warnings of potential sanctions to global banks.
• Deputy Treasury Secretary Wally Adeyemo highlighted the substantial impact of the US's strategy to impose sanctions on foreign financial institutions aiding Russia, leading to a cautious approach in dealings with Russia.
• Financial transactions between Russia and several countries have notably decreased, with institutions fearing the loss of access to the US dollar and the global financial system.
• The US recently imposed sanctions on over 500 Russian entities and third-country companies, targeting Russia's military-industrial complex and those aiding in obtaining goods.
• High-ranking US officials have visited countries like Turkey and the UAE to warn that companies engaging with entities under US restrictions risk losing access to G7 markets.

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