SEOUL, June 14 The US sanctions policy, especially the blow to the Russian banking sector, is not a good solution, and the sanctions have already reached their peak, so Washington will have to look for another solution, said Park Chung-ho, president of the Korean-Russian Business Council, in an interview.
«»A blow to the banking sector is not the best US policy, and I believe that the current sanctions have reached their peak, especially in the financial sector. Against the backdrop of the G7 summit and events in Switzerland. This may be the last chance for the US to support Ukraine, since the war is not in her favor,” the expert explained. 
He added that the United States is trying to break ties between China and Russia with sanctions, but China still “sided with Russia.” According to Park Chong Ho, US sanctions against the banking sector, on the contrary, will lead to the emergence of digital currencies and an increase in transactions in yuan, and a decrease in the use of the dollar.
«I believe that US policy and this use of sanctions is wrong, and Washington will have to look for a new solution,» the expert said.
The US Treasury on Wednesday announced the introduction of a new package of sanctions against Russia. They concern various spheres: scientific, defense, financial, energy and even public. Washington prohibits the provision of software and IT services to any person on the territory of the Russian Federation. The United States is also threatening to impose sanctions against foreign banks for transactions with Russian financial institutions, including Sberbank and VTB.
The sanctions list includes, in particular, the Moscow Exchange and the National Clearing Center (NCC). At the same time, the US Treasury Department's Office of Foreign Assets Control (OFAC) issued licenses to curtail operations with the Moscow Exchange, the National Settlement Depository (NSD) and NCC until August 13. From June 13, the Moscow Exchange will suspend trading in the US dollar, euro and Hong Kong dollar.