US “strangulation” sanctions on banks causing rising panic in Russia’s CBR
![US “strangulation” sanctions on banks causing rising panic in Russia’s CBR](https://d39raawggeifpx.cloudfront.net/styles/16_9_desktop/s3/articleimages/bneGeneric_Russia_FX_money_dollars_Exchange_rates_in_Moscow,_130624_1719494394.png)
The new US “strangulation” sanctions on foreign exchange are proving to be increasingly effective, disrupting Russia’s payments to “friendly countries” and leading to sharp falls in export volumes this year.