US, Nato allies, target Russia with sweeping economic sanctions over Ukraine invasion
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Russian banks, billionaires and technology firms were targets of a new wave of sanctions by the United States over the invasion of Ukraine. More than US$1 trillion in Russian assets will be frozen by the US, while leaders in the United Kingdom moved to shut Russia out from its national banking system. The measures came as Russia moved its military into Ukraine on three fronts, in what Ukrainian officials have called a “full-scale invasion.”
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