“US Treasury to target with sanctions the Russian sectors critical to Kremlin's ability to wage war,” Wally Adeyemo, Deputy Secretary of the US Treasury said on Tuesday.

Additional comments

“US, allies committed to constraining Russian economy for the duration of Ukraine invasion.”

“Treasury planning to take actions to disrupt supply chains critical to Russia’s war effort. “

“Russia will struggle to operate its economy without access to the international economic, financial system.”

“Western allies prepared to sanction those assisting sanctioned Russian elites hide wealth.”

Market reaction

The above comments have little to no impact on the market mood, as the sentiment remains lifted on hopes for diplomacy on the Russia-Ukraine war.

The S&P 500 futures jump 0.30% on the day while the US dollar index drops to 99.00, down 0.07% so far.