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Biden Weighs Russian Bank Sanctions If Putin Invades Ukraine

  • Germany’s new government hints pipeline could be affected
  • U.S. officials have warned Russia may attack Ukraine next year
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WATCH: Sanctions targeting Russia’s banks are among options being weighed by President Joe Biden.Source: Bloomberg
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The U.S. and European allies are weighing sanctions targeting Russia’s biggest banks and the country’s ability to convert rubles for dollars and other foreign currencies should President Vladimir Putin invade Ukraine, according to people familiar with the matter. 

The sanctions -- including against some of Russia’s largest banks and the Russian Direct Investment Fund -- are among the options that President Joe Biden may spell out when he speaks with Putin on Tuesday, according to the people. The U.S. could also restrict the ability of investors to buy Russian debt on the secondary market, they said.