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Biden: U.S. to sanction 4 more Russian banks, more members of Russian elites and their families.

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The targets of the new round of U.S. sanction package will include VTB bank, the second-largest bank in Russia, as well as export controls that will “impose severe cost on the Russian economy, both immediately and over time. "Putin is the aggressor. Putin chose this war. And now he and his country will bear the consequences," Biden said in his speech on Feb. 24 following Russia’s invasion of Ukraine.

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The Kyiv Independent news desk

We are the news team of the Kyiv Independent. We are here to make sure our readers get quick, essential updates about the events in Ukraine. Feel free to contact us via email with feedback and news alerts.

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"I don't know if it’s gonna affect Russia, because he (Russian President Vladimir Putin) wants to obviously probably keep the war going, but we're gonna put tariffs and various things," U.S. President Donald Trump said.

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