Ukraine Latest: US Vows ‘Sweeping Sanctions’ on Russia’s Economy
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The US plans to announce “sweeping sanctions against key sectors that generate revenue” for Russia, including the country’s banking, defense, and technology industry on Friday, White House Press Secretary Karine Jean-Pierre told reporters. In addition, officials said a new package of about $2 billion in US security assistance will be announced.
European Union members failed to sign off on a new package of sanctions, with diplomats set to reconvene Friday morning in an effort to get the measures over the line, according to people familiar with the matter.