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The United States has recently expanded its sanctions on Russia, with a particular focus on banks that are involved with entities that have been sanctioned. This move follows a previous program that was initiated in December, which aimed to target foreign banks that were supporting Russia's war efforts in Ukraine. The US has also imposed sanctions on the Moscow stock exchange, leading to the suspension of trading in dollars and euros. Furthermore, there are efforts to restrict Russia's access to technology, including chips and software. In December, US President Joe Biden signed an executive order that placed sanctions on banks dealing with approximately 1,200 individuals and companies that were deemed to be aiding Russia's war machine. These measures have now been expanded to cover about 4,500 entities. The US is also focusing on gold-laundering and plans to impose sanctions on parts of Russia's financial system, including the Moscow Exchange, which is one of the main stock exchanges in Russia. The sanctions also target technology, with the aim of making it more difficult for companies to supply tech to Russia. The US will also be targeting shell firms in Hong Kong that sell chips to Russia. Despite the sanctions, the International Monetary Fund predicts that Russia will still see economic growth of 3. 2% this year. However, analysts believe that over time, the measures will make it harder for Moscow to continue its war efforts and weaken Russia's economy.