Biden Says U.S. Will Sanction Five Major Russian Banks

The video discusses the economic sanctions imposed on Russia, targeting its currency, banks, and state-owned enterprises. These measures aim to weaken Russia's financial system, limit its access to technology, and degrade its industrial and military capabilities. The sanctions also target Russian elites benefiting from Kremlin policies. The long-term goal is to impair Russia's strategic ambitions by cutting off hi-tech imports and affecting key industries like aerospace and shipbuilding.

What was one of the immediate effects of the sanctions on Russia's economy?

• Increase in foreign investments

• Strengthening of the ruble

• Plunge in the stock market

• Decrease in government borrowing rates

Which major Russian bank was cut off from the US financial system?

• Alfa-Bank

• VTB

• Sberbank

• Gazprombank

How much in assets do the sanctioned Russian banks hold collectively?

• $750 billion

• $2 trillion

• $1 trillion

• $500 billion

What is one of the long-term goals of the sanctions against Russia?

• To boost Russia's economic growth

• To enhance Russia's aerospace industry

• To increase Russia's military capabilities

• To degrade Russia's industrial capacity

What percentage of Russia's high-tech imports is expected to be cut off due to the sanctions?

• 50%

• 75%

• 100%

• 25%