Friday, May 20, 2022
name of Prensa Latina
Bandera inglesa
English Edition
name of Prensa Latina

NEWS

NEWS

US imposes ban on dollar banknotes export to Russia

us-imposes-ban-on-dollar-banknotes-export-to-russia

US imposes ban on dollar banknotes export to Russia

Washington, March 11 (Prensa Latina) The new executive order on measures against Russia signed on Friday by President Joe Biden bans export, sales and supplies of dollar banknotes from the US to Russia, as a result of the Ukraine conflict.
Share on facebook
Share on twitter
Share on whatsapp
Share on telegram
Share on email

The executive order prohibits “the exportation, reexportation, sale, or supply, directly or indirectly, from the United States, or by a US person, wherever located, of US dollar-denominated banknotes to the Government of the Russian Federation or any person located in the Russian Federation.”

Plus, the bans include restrictions on fish, non-industrial diamonds, alcoholic beverages, seafood and luxury item imports from Moscow, according to a White House statement.

The new order also creates a precedent for future restrictions on investment in any sector of the Russian economy by a US citizen, whether or not he lives within the borders.

Earlier on Friday, Joe Biden announced that his country, the European Union (EU) and G-7 member nations will withdraw Russia’s “most favored nation” trade status.

Downgrading will deny Moscow the benefits of World Trade Organization (WTO) membership and allow the West to impose higher tariffs on imports from Russia.

In line with it, the EU announced a fourth package of sanctions against Russia, which could include its withdrawal from the International Monetary Fund (IMF) and the World Bank.

mh/pll/acl/att

RELATED
ÚLTIMO MINUTO
name of Prensa Latina

| Text SMS to 8100 with content PL
Receive 4 mesages x 25 cup

© 2016-2021 Prensa Latina
Latin American News Agency

Radio – Publications  – Videos – News by the minute.
All Rigts Reserved.

St. E No 454 , Vedado,  Habana, Cuba.
Phones: (+53) 7 838 3496, (+53) 7 838 3497, (+53) 7 838 3498, (+53) 7 838 3499
Prensa Latina © 2021 .

Web Site developed by IT Division  Prensa Latina.