Turkey falls in line. Turkish banks have begun closing the accounts of Russian companies over fears of incurring secondary U.S. sanctions, according to Russian business daily Vedomosti. A Kremlin spokesperson said Moscow was in touch with Ankara on the matter. This comes after U.S. President Joe Biden signed an executive order in December threatening penalties […]
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Daily Memo: Sanctions on Russia, Funds for Ukraine
More foreign banks are targeting accounts of their Russian clients.
