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US Preparing Sanctions That Would Target Russian Banks, Reports Say

© Sputnik / Ruslan Krivobok / Go to the mediabankSberbank, Russia's largest bank
Sberbank, Russia's largest bank - Sputnik International, 1920, 21.02.2022
MOSCOW (Sputnik) - The administration of US President Joe Biden could block US financial institutions from processing transactions for Russian banks as part of a sanctions package that will be implemented if Moscow decides to "invade" Ukraine, Reuters reports, citing anonymous sources.
The sanctions would cut the "correspondent" banking relationships between targeted Russian banks (possibly Sberbank, VTB and Gazprombank) and US banks that enable international payments. In addition, certain Russian individuals could be cut off from the US banking system: they would be placed on the Specially Designated Nationals (SDN) list and their US assets would be frozen.
UK Foreign Secretary Liz Truss said at the Munich Security Conference this past weekend that anti-Russia sanctions, which will be implemented in the event of a Russian "invasion" of Ukraine, would target Russian "oligarchs" and will also make it harder for Russia to access sovereign debt markets.
Moscow has repeatedly denied Western claims of Russia’s alleged preparations for an "invasion" of Ukraine, emphasising that it is not threatening anyone and at the same time expressing strong concerns over NATO's military activity near the Russian borders.
Meanwhile, the self-proclaimed republics in Ukraine’s southeast have announced the evacuation of their citizens to Russia’s Rostov Region amid fears of an attack by Kiev forces and the continued shelling of Donbass.
DPR and LPR have been reporting on the constant shelling of their territories by Kiev forces.
According to the DPR, Kiev forces fired 12 122-mm calibre mortars at Zaichenko, located in the DPR, at around 02:55 (00:55 GMT) on Monday. The DPR also recorded the use of prohibited 120-mm calibre mortars by Kiev forces in Donbas on Sunday night.
The LPR, in its turn, said that two civilians were killed as a result of the Ukrainian military's Sunday shelling of the breakaway republic’s territory.
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