TOKYO/WASHINGTON -- The U.S., Europe and Japan responded to the invasion of Ukraine with sanctions that target roughly 80% of assets in Russia's banking sector while leaving the option of freezing the country out of a key network for international payments.
The measures come alongside bans by a number of countries on exports of high-tech and dual-use goods. The sweeping U.S. restrictions cover products made with American technology, similar to Washington's 2020 actions against China's Huawei Technologies.
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