Russian Banking System to be Closed Off From USD if Russia Invades Ukraine (Reuters)

Per Reuters (2258 EST):

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The United States will also wield its most powerful sanctioning tool against certain Russian individuals and companies by placing them on the Specially Designated Nationals (SDN) list, effectively kicking them out of the U.S. banking system, banning their trade with Americans and freezing their U.S. assets, the same sources said.

The sources said the package could change up to the last minute and it was unclear who the targets would be. However, they believe top Russian financial institutions including VTB Bank (VTBR.MM)Sberbank (SBER.MM)VEB, and Gazprombank are possible targets.

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