Factbox-Western financial sanctions on Russia

The West has imposed an unprecedented package of sanctions on Russia, its top companies and its business and political elite in response to Moscow's invasion of Ukraine. The measures have triggered an exodus of foreign firms, raised the prospect of Russia defaulting on its sovereign debt, and look set to trigger a deep economic contraction. The Group of Seven major Western powers have banned transactions with Russia's central bank and frozen its assets held in their jurisdictions – around $300 billion, according to Russian Finance Minister Anton Siluanov.