Biden announces sanctions against Russian oligarchs, banks

US President Joe Biden on Tuesday announced what he called the "first tranche" of sanctions against Russia, including steps to starve the country of financing, saying Moscow had started an invasion of Ukraine. "We're implementing sanctions on Russia's sovereign debt. That means we've cut off Russia's government from Western financing," Biden said.

source https://timesofindia.indiatimes.com/world/us/us-president-joe-biden-announces-sanctions-against-russian-oligarchs-banks/articleshow/89758195.cms