A tough new raft of U.S. sanctions sent jitters rippling through the Russian financial system on Thursday and forced Moscow's main financial trading platform to halt dollar and euro transactions, further raising the cost of President Vladimir Putin's war against Ukraine.
The sweeping new sanctions - announced by the Treasury Department on Wednesday - singled out the Moscow Exchange, Russia's main financial marketplace, for helping Russians 'profit from the Kremlin's war machine,' and broadened the risk of secondary sanctions for any foreign financial institution doing business with Russia's war economy.
The new sanctions also targeted companies based in China selling semiconductor chips to Russia, as well as more than 300 individuals and entities in Russia, Europe, Asia, and Africa.
Medvedev...called on Russians to 'look for vulnerabilities' in Western economies and to 'hit them in all areas.' 'We must find problems in their most important technologies and strike them mercilessly,' he said.
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