American president Joe Biden sanctioned Russian sovereign debt on 22 February 2022 this sanction is named as:
Correct answer: A. First Tranche
- A. First Tranche
- B. first Avelanche
- C. First lanches
- D. None of these
Explanation
The initial US restrictions on Russia’s ability to raise sovereign debt were described as the first tranche of sanctions. A tranche is a portion or stage of a larger financial or sanctions package, not a separate institution.
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About Global Economy
Global economy covers growth, inflation, interest rates, exchange rates, public debt, trade and employment across major economies. It also includes the work of the IMF, World Bank, WTO and central banks, along with oil and commodity prices, supply-chain disruptions, sanctions, trade agreements and the economic effects of international crises.
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