US banned from providing financial support to Russia

U.S. authorities intend to prohibit the U.S. government financial institutions to lend to Russia

It was reported by the U.S. State Department on Tuesday, March 2.

According to the department, within the next 2 weeks Congress will be notified about the introduction of the restrictions on “the granting of credits by the United States or other financial aid” to Russia.

The ban will affect all types of loans, credit guarantees or financial assistance from US government agencies, including the US Export-Import Bank.

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