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Ukraine war

Biden unveils new Russia sanctions, keeps quiet on China's role

U.S. targets two largest banks to make Moscow 'bear the consequences'

U.S. President Joe Biden says "Putin chose this war, and now he and his country will bear the consequences."   © Reuters

NEW YORK -- U.S. President Joe Biden announced new sanctions against Russia on Thursday following its invasion of Ukraine, trying to cripple Moscow's ability to do business with the world and pressure President Vladimir Putin into reversing course.

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