In the event of Russia's "invasion" of Ukraine, the US and the EU are preparing sanctions against Russian banks that will limit the conversion of the ruble, writes Bloomberg.
On the eve of the conversation between Presidents Putin and Biden on Ukraine on December 7 , it became known that the United States was seriously considering options for sanctions against secondary Russian public debt and the possibility of disconnecting Russia from SWIFT.
Bloomberg writes that the Biden administration believes that cutting off the system of interbank payments will hit ordinary Russians too hard. A possible alternative is to limit the conversion of rubles into dollars, euros and pounds as part of sanctions against the largest Russian banks and the RDIF. Most likely, yesterday's conversation between the US President and the leaders of France, Germany and Great Britain was devoted to this, the agency writes.
“It is not yet clear in what detail Biden will lay out to Putin the possible sanctions that will follow the invasion, moreover, most of them depend on the position of the allies,” Bloomberg notes.
The publication has already been answered in the Duma and the Federation Council. Anatoly Aksakov, chairman of the Duma committee on the financial market, saw no subject for comment, since Russia would not attack Ukraine: “If they want to come up with an attack, that's different. And so, there’s nothing to talk about.” Deputy Chairman of the Federation Council Committee on Economic Policy Ivan Abramov believes that the topic is "inflated through the media in order to influence the work of our financial institutions."
On Tuesday, the ruble strengthened slightly against the dollar from 74.4 to 74.1 rubles per unit of the Russian currency.