U.S. blocks Russian debt payments and unveils new sanctions in bid to raise pressure on Moscow
Reuters reports: The United States stopped the Russian government on Monday from paying holders of its sovereign debt more than $600 million from reserves held at American banks, in a move meant to ratchet up pressure on Moscow and eat into its holdings of US dollars. Under sanctions put in place after Russia invaded Ukraine on Feb. 24, foreign currency reserves held by the Russian central bank at US financial institutions were frozen. But the Treasury Department had been allowing…