U.S. Bans Transactions With Russian Central Bank

The transcript discusses Russia's increasing isolation due to financial industry issues and US sanctions. The US has banned dealings with Russia's central bank, wealth fund, and Finance ministry. Treasury Secretary Janet Yellen stated that these actions aim to limit Russia's financial capabilities, targeting funds used by Putin for the Ukraine invasion. The sanctions impact Russia's $630 billion reserves.

What did Governor Elvira Nabiullina say about the financial industry in Russia?

• It is unaffected by international events.

• It is the strongest in the world.

• It is not functioning as it should.

• It is thriving and expanding.

What action did the US take against Russian financial institutions?

• They provided financial aid.

• They banned US investors from dealing with them.

• They encouraged more investments.

• They reduced interest rates.

Which entities are US businesses prohibited from dealing with due to the sanctions?

• Russian educational institutions

• Russian central bank, national wealth fund, and finance ministry

• Russian cultural organizations

• Russian sports teams

What is the purpose of the US sanctions according to Treasury Secretary Janet Yellen?

• To encourage tourism in Russia

• To support Russia's financial growth

• To limit Russia's ability to finance destabilizing activities

• To increase trade with Russia

What is the size of the financial reserves that the US sanctions aim to target?

• $700 billion

• $630 billion

• $800 billion

• $500 billion