Biden says U.S. will sanction Russian financial firms, sovereign debt and individuals after Ukraine incursion
Russia,Joe Biden,Sanctions,Ukraine,Europe,European Union,Germany,World,Foreign Policy,Economy And Jobs,Banking And Finance,Vladimir Putin,NATO
From the Left
AllSides Media Bias Rating: Lean Left
President Joe Biden said Tuesday that Russia has begun “an invasion” of Ukraine, and he announced sweeping sanctions on the major Russian bank VEB and its military bank.
The sanctions will prohibit American financial institutions from processing transactions for VEB and its military bank. This would effectively cut the banks out of transactions involving U.S. dollars, the global reserve currency.
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