The Biden administration expanded sanctions against Russia on Monday as part of its continuing efforts to impose costs on Moscow for its invasion of Ukraine.
, targeting the Central Bank of Russia with new economic measures that immobilize any assets it holds in the United States.
The Treasury Department said it is issuing a"general license" to authorize certain energy-related transactions with the Russian Central Bank. The move by the Biden administration takes aim at what a senior administration described as Putin's war chest of $630 billion in foreign reserves. A senior administration official told reporters Saturday that the U.S. and its European allies are committing to"disarm" the Central Bank, in part by preventing Americans and Europeans from selling rubles to the bank.
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