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U.S. Pushes EU to Ready Russia Sanctions on Energy and Banks

  • U.S. wants allies to agree on list, timing remains unclear
  • Economic sanctions will be launched if Russia invades Ukraine
Bloomberg business news
U.S. Urges EU to Prep Joint Russian Economic Sanctions
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The Biden administration is pushing European Union allies to finalize a broad package of sanctions against Russian banks and energy companies that could be imposed jointly with the U.S. if the Kremlin attacked Ukraine, according to people familiar with the discussions. 

Adding to the urgency is the fact that Vladimir Putin has shown no sign of pulling back the thousands of troops he’s amassed near his neighbor’s borders. The U.S. believes agreeing on specific sanctions options would send a firm signal to the Russian president.