International sanctions hit the Russian economy quite hard, but did not deprive it of sources of profit from trade with countries such as India and China. That is why the United States is working on the second stage of measures against the Russian Federation, which should prevent it from circumventing existing restrictions at the expense of loyal states.. It is reported by The Wall Street Journal.

According to the source, the Biden administration plans to impose sanctions on foreign banks and cryptocurrency trading platforms through which Russia gains access to international currencies, confiscation of bank accounts and corporate assets of its blacklisted oligarchs.. Mechanisms are also being developed to punish foreign companies exporting prohibited goods to the Russian Federation..

In addition, the US hopes to convince India and China to limit trade and technology cooperation with Russia, since these countries account for the lion's share of the income that allows Putin to continue the bloody war..

Of particular concern to Washington is that China may be sending Russians samples of the latest technology needed to manufacture modern weapons.. In particular, processors, microcircuits and other electronics.

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Earlier it was reported that the EU is preparing the eighth package of anti-Russian sanctions.

In the text “The Russian economy has finally faltered”, Yulia Samaeva says that although the economic collapse is still far away, the impact of sanctions has become more significant than expected in Russia, and the political decisions of its leadership do not save, but, on the contrary, complicate the situation even more.