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Biden announces first tranche of Russia sanctions, targets banks and debt – Metro US

Biden announces first tranche of Russia sanctions, targets banks and debt

U.S. President Joe Biden delivers remarks on Russia-Ukraine situation from
U.S. President Joe Biden delivers remarks on Russia-Ukraine situation from the White House in Washington

WASHINGTON (Reuters) – U.S. President Joe Biden on Tuesday announced the first wave of sanctions against Russia for what he said was the beginning of an invasion of Ukraine, and vowed steeper punishments ahead if Russia continues its aggression.

The sanctions, among others things, target Russian banks and sovereign debt.

(Reporting By Jarrett Renshaw; Editing by Chizu Nomiyama)