Skip to Content
AP National Business

Biden sanctions Russian oligarchs, banks in Ukraine crisis

<i></i><br/>
KMIZ

By
Published 4:28 PM

By VLADIMIR ISACHENKOV, YURAS KARMANAU, AAMER MADHANI and ERIC TUCKER
Associated Press

MOSCOW (AP) — The East-West faceoff over Ukraine has escalated dramatically, with Russian lawmakers authorizing President Vladimir Putin to use military force outside his country and President Joe Biden and European leaders responding by slapping sanctions on Russian oligarchs and banks. Both leaders signaled that an even bigger confrontation could lie ahead. Putin has yet to unleash the force of the 150,000 troops massed on three sides of Ukraine, while Biden held back on the toughest sanctions that could cause economic turmoil for Russia but said they would go ahead if there is further aggression. The sanctions underscored the urgency felt by Western nations to blunt the conflict.

Article Topic Follows: AP National Business

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

ABC 17 News is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content