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White House: US ready to impose 'severe economic costs' on Russia

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The White House, along with its allies and partners, is ready to "impose additional swift and severe economic costs on Russia" if it moves forward with the annexation of occupied territories of Ukraine, White House press secretary Karine Jean-Pierre said on Sept. 23. Jean-Pierre reiterated that the U.S. will reject “whatever fabricated outcomes Russia announces” on the sham referenda.

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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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Seaborne crude flows averaged 3.12 million barrels a day over the four weeks to July 6, a 3% decline from the previous period ending June 29, according to tanker-tracking data compiled by Bloomberg. That's the lowest level recorded since the four-week period ending Feb. 23.

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