The United States, Britain, and European Union leaders are targeting Russian banks as part of a new package of sanctions following Moscow’s invasion of Ukraine. Here is a rundown of how sanctions that have already been announced impact banks and investors: WHAT HAS BEEN ANNOUNCED SO FAR? The U.S. Treasury Department said it was targeting the “core infrastructure” of Russia’s financial system, sanctioning two of its largest banks – state-backed Sberbank (SBER.MM) and VTB (VTBR.MM) . Also on the sanctions list are Otkritie, Sovcombank and Novikombank and some senior executives at state-owned banks. U.S. banks must sever their correspondent banking ties – which allow banks to make payments between one another and move money around the globe – with Russia’s largest lender, Sberbank, within 30 days. Officials in Washington also wielded the government’s most powerful sanctioning tool, adding VTB, Otkritie, Novikombank and Sovcombank […]