UK takes further restrictive economic measures targeting the Russian central bank

• To prohibit any UK natural, legal persons from undertaking financial transactions involving the CBR
• To prevent CBR from deploying its foreign reserves in ways that undermine the impact of sanctions
• The scope of restrictions also covers the Russian national wealth fund and Russian ministry of finance
• Full statement

If anything else, these moves will serve to largely destabilise the ruble. As for general macroeconomic implications, there shouldn't be much besides some matters of inconvenience. No doubt that Russia is a notable name when it comes to sovereign funds but the actions above are largely to target the reserves of the Russian central bank so as to hinder their ability to support the ruble amid SWIFT sanctions.

(US dollar US Dollar The US dollar, (symbol $, code USD) is the fiat currency of the United States of America (USD) and the most widely traded currency globally. It was introduced into the US in the late 18th Century, with paper notes not being distributed until the following century. The US dollar, also informally known as the greenback, is the world’s most foremost reserve currency, due in large part to the importance of the US economy on the world stage. Once backed by gold (in the 1900’s), the USD is now a purel The US dollar, (symbol $, code USD) is the fiat currency of the United States of America (USD) and the most widely traded currency globally. It was introduced into the US in the late 18th Century, with paper notes not being distributed until the following century. The US dollar, also informally known as the greenback, is the world’s most foremost reserve currency, due in large part to the importance of the US economy on the world stage. Once backed by gold (in the 1900’s), the USD is now a purel Read this Term)