Increasing the pressure on Russia. The United States imposed the toughest sanctions so far on Moscow – over its failure to end violence in Ukraine. For the first time, the measures hit some of Russia’s biggest firms – and those closest to President Vladimir Putin. Its largest oil producer Rosneft, second largest gas produced Novatek and third largest bank Gazprombank – all run by wealthy Putin allies. In effect, the sanctions close the firms to medium and long-term dollar funding. …read more
Source: The Boston Globe
