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President Joe Biden's administration has prepared an initial package of sanctions against Russia that includes barring US financial institutions from processing transactions for major Russian banks, three people familiar with the matter said. The measures, which would only be implemented if Russia invades Ukraine, aim to hurt the Russian economy by cutting the "correspondent"
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WASHINGTON/NEW YORK (Reuters) - President Joe Biden's administration has prepared an initial package of sanctions against Russia that includes barring U.S. financial institutions from processing transactions for major Russian banks, three people familiar with the matter said.
WASHINGTON/NEW YORK — President Joe Biden's administration has prepared an initial package of sanctions against Russia that includes barring U.S.
Moscow has amassed upwards of 150,000 troops on Ukraine's borders, but Putin has denied plans to launch an attack.