US, EU set sanctions vs Russia

The United States and several European countries have imposed a package of sanctions against Russia in response to President Vladimir Putin’s recognition of the two breakaway regions of Ukraine as independent republics. US President Joe Biden, who condemned Putin’s move and called it as the “beginning of a Russian invasion” of its neighbor, said the sanctions target Russia’s sovereign debt as well as two large Russian financial institutions, including the country’s military bank. “That means we’ve cut off Russia’s government from Western financing. It can no longer raise money from the West and cannot trade in its new debt on … Continue reading US, EU set sanctions vs Russia