US, allies pile up sanctions as Russian troops near Ukraine: Report

A number of nations, including the United States imposed sanctions on Russia over its actions against Ukraine.

The measures came after Russian President Vladimir Putin on Monday signed decrees to recognise Ukraine's regions of “Donetsk and Luhansk People's Republics” as “independent”, escalating the tension in the region and increasing fears of Moscow's invasion of Ukraine. He also ordered Russian troops into eastern Ukraine in what the Kremlin called a "peacekeeping" mission in the Moscow-backed regions.

US President Joe Biden has announced a set of sweeping sanctions targeting Russia's ability to do business with the West, asserting that his Russian counterpart Vladimir Putin's