Selected Russian banks are banned from global payments system, while Russian central bank will find it harder to spend $500bn war chest
* Ukraine Russia: latest updates
It has taken a week to reach this point, but western governments have put down their peashooters and wheeled out the financial howitzers against Vladimir Putin.
Far-reaching new sanctions against Russia were announced on Saturday night in a joint statement from the EU, UK, US and Canada. Continue reading...
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