Biden announces first tranche of sanctions against Russia, focuses on banks and debt

© Reuters. US President Joe Biden provides an update on Russia and Ukraine during remarks in the East Room of the White House in Washington, US, Feb. 22, 2022. REUTERS/Kevin Lamarque

WASHINGTON (Reuters) – US President Joe Biden on Tuesday announced the first wave of sanctions against Russia for what he said was the start of an invasion of Ukraine, and vowed tougher penalties if Russia continues its aggression.

The sanctions are aimed at Russian banks and government debt, among other things.

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