Biden says US will sanction Russian banks, impose export controls
| President Biden on Thursday said the U.S. would sanction major Russian banks and impose export controls on Russia to curtail Russian high-tech imports, as part of a coordinated effort within allies to penalize the Kremlin for its military attack against Ukraine.
In remarks from the East Room of the White House, Biden said the sanctions would target Russian banks holding a combined $1 trillion in assets, including VTB Bank. He said the U.S. would also impose sanctions on additional Russian elites with links to the Kremlin. |
