US announces initial financial sanctions on Russia
Biden administration bars secondary market bond transactions, but expert says impact likely to be limited
The US Federal government announced sanctions on Russia’s financial sector, including a ban on secondary market transactions in the country’s sovereign debt, on February 22.
Russian president Vladimir Putin ordered Russian troops into eastern Ukraine on February 21, and has hinted that he may attempt to invade the entire country. In response, US president Joe Biden outlined what he called “a first tranche of sanctions to impose costs on Russia”.
The sanctions include moves against the state
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