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US imposes sanctions on 2 Russian banks, sovereign debt, and Russian elites.

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President Joe Biden announced the first tranche of sanctions against Russia, targeting: VEB Bank, Russia's sovereign debt, cutting off Russia from Western financing, and unnamed members of Russian elite and their family members.

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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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Peter Novak, a Slovak with 25 years of experience in the IT and banking sectors, replaced former board member head Mykola Hladyschenko after he was officially dismissed from his position on Aug. 21 by the government due to his suspected involvement in a money laundering scheme.

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