Regulation

Biden ups Russia sanctions, calls Ukraine invasion underway

US President Joe Biden said sanctions will increase if Russia “continues its aggression,” calling announced penalties targeting Russian debt sale and the nation’s elites a first step.
Photo: Drew Angerer/AFP/Ritzau Scanpix
Photo: Drew Angerer/AFP/Ritzau Scanpix
By Jordan Fabian and Josh Wingrove, Bloomberg News

US President Joe Biden unveiled sanctions targeting Russia’s sale of sovereign debt abroad and the country’s elites, responding to what he described as the start of Vladimir Putin’s invasion of neighboring Ukraine.

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