We’ve cut off Russia’s largest banks – Biden

By Ogundele Olanrewaju

The US will stop Russia’s ability to finance and grow its military, the US president says.

He says the sanctions he is outlining will impair its ability to compete in the high tech 21st Century economy.

Outlnining the economic consequences of the invasion already, he points to ehe Russian’s rouble hitting its weakest level ever and the Russian stock market plunging today

“We’ve now sanctioned Russian banks that together hold one trillion dollars in assets,” Biden says.

“We’ve cut off one of Russia’s largest banks, which holds one-third of the country’s banking assets.”