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Ukraine crisis: US targets Russian banks with new Western sanctions

The measures target Russian banks and sovereign debt, among other steps

Joe Biden

US President Joe Biden | Photo: Reuters

Reuters Moscow | Donetsk | Washington
US President Joe Biden announced on Tuesday new sanctions in retaliation for Russia recognising two breakaway regions of Ukraine and sending troops there, adding to Western efforts to stop what they fear is the beginning of a full-scale invasion.

The measures target Russian banks and sovereign debt, among other steps.

One of the worst security crises in Europe in decades is unfolding as Russian President Vladimir Putin authorised sending what he calls peacekeping troops to the separatist areas of Donetsk and Luhansk after recognising them as independent. Both adjoin Russia and have been controlled by Russian-backed fighters since 2014.


(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Feb 23 2022 | 1:59 AM IST

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