Joe Biden has signed an order banning the sale, supply or delivery of American Dollar to Russia.

President Joe Biden has signed an order banning the sale, supply or delivery of American Dollar to Russia by any means.

This is part of the series of sanctions being imposed against Russian government for attacking Ukraine.

The latest order will further make negative impact to the Russian economy as international trade will be significantly affected.

President Vladimir Putin is yet to respond to the latest sanction imposed against Russia by the United States government.

The international community use the American Dollar as a medium of exchange in terms of trade or investment.

Russia may experience difficulty in terms of international trade as more countries will attempt to implement these sanctions.

The situation in Ukraine continue to escalate as President Vladimir Putin appeared to be relentless in his quest to capture the whole country. This has attracted severe economic sanctions against Russia.

Top business organizations including PayPal, Facebook, Apple etc have suspended their services in Russia.

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