Are U.S.–Russia Tensions Heating Up? Reuters Reports Russia May Bar Firms from Using Foreign Banks

Screen Shot 2014-06-24 at 3.54.44 PMDespite the ongoing proxy war between the U.S. and Russia in the Ukraine, as well as financial tensions that have been simmering between the two nations for quite some time, I was still surprised to see the following headline from ReutersRussia Mulls Barring Firms from Using Foreign-owned Banks.

If this actually happens, it would be a very big deal, and certainly an escalation in the friction between these two geopolitically crucial nations. We learn from Reuters that:

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