“PUTIN’S AGGRESSION against Ukraine will end up costing Russia dearly, economically and strategically. We will make sure of that.” With these fighting words, President Joe Biden announced on February 24th that America would impose sweeping economic sanctions on Russia for itsinvasion of Ukraine. The measures freeze the American assets of Russia’s biggest banks, hamper its ability to raise debt, restrict its import of high-tech goods and seize the wealth of its elites and their children. Britain and the EU announced similar steps.
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The answer matters more than you think
Donald Trump prefers deals to regime change
