MOSCOW: According to a US government report, US has frozen $640 million assets of Russian SMP and Rossiya banks.
Russian assets have been frozen in dozens of US financial institutions such as Citibank, Goldman Sachs and JP Morgan Chase, says the Wall Street Journal referring to US Treasury data, as America’s escalating sanctions war against Russia over its policy in Ukraine.
Since March 2014 Western countries have sanctioned Russian politicians, businessmen and companies over the conflict in Ukraine. On March 4, President Obama prolonged US economic sanctions against Russia for another year, saying the country’s policy over Ukraine poses a threat to US security.
