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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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"Our Ukrainian friends need to understand that repeatedly portraying the Baltic states as Russia's possible next victim... does not create or reinforce a narrative that would help Ukraine itself or others in pushing back against Russian war-driven imperialism," Marko Mihkelson, chairman of the Estonian parliament's Foreign Affairs Committee, told the Kyiv Independent.

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