The US State Department announced the possibility of isolating Russia from the financial system

The United States is considering imposing sanctions that would "completely cut Russia off from the global financial system," Deputy Secretary of State Victoria Nuland said during a hearing at the US House Foreign Affairs Committee.

“Those [measures] that we are discussing, in fact, will mean isolation [of Russia] from the global financial system, with all the ensuing consequences for Russian business and the people of Russia, for their ability to work, travel and trade,” Nuland said, emphasizing that the authorities are considering the full range of possible measures.

The Deputy Secretary of State also noted that the United States expects Germany to suspend the implementation of the Nord Stream 2 project if Russia invades Ukraine.

Earlier, Bloomberg reported that Washington and Brussels could impose sanctions against the largest Russian banks and RDIF in case of aggression against Ukraine. As one of the most likely measures, the agency's sources named restrictions on the conversion of rubles into other currencies. CNN also wrote about possible sanctions against Russia, including in relation to its sovereign debt. In extreme cases, Russia can be disconnected from the interbank SWIFT system, the channel noted.