The United States intends to restrict Russia’s access to western loans
20.07.2015,
11:20
The United States is preparing to punish Russia by starving off its access to western credit if President Putin does not meet demands for peace in Ukraine, The Times reports.
YEREVAN, July 20. /ARKA/. The United States is preparing to punish Russia by starving off its access to western credit if President Putin does not meet demands for peace in Ukraine, The Times reports.
Senior US officials have drawn up proposals to further close off credit in the West for Russia if the country does not end fighting in Eastern Ukraine.
Under current sanctions, Russian companies in the US can only borrow credit for a maximum of 30 days, contrary to typical lending periods which can last years for other nationals.
However, The Times reports that sanctions could now be escalated so that Russian companies would only be able to borrow money for a maximum of 7 days.
The reduced time frame would be expected to undermine the companies’ ability to do business as their financial security would be weakened significantly. ---0----
Senior US officials have drawn up proposals to further close off credit in the West for Russia if the country does not end fighting in Eastern Ukraine.
Under current sanctions, Russian companies in the US can only borrow credit for a maximum of 30 days, contrary to typical lending periods which can last years for other nationals.
However, The Times reports that sanctions could now be escalated so that Russian companies would only be able to borrow money for a maximum of 7 days.
The reduced time frame would be expected to undermine the companies’ ability to do business as their financial security would be weakened significantly. ---0----
