Tags: white house | biden admin | russia sanctions | ruble | russia central bank

White House Looking at More Russia Sanctions

White House Looking at More Russia Sanctions
U.S. President Joe Biden (AP)

Wednesday, 30 March 2022 03:30 PM EDT

The United States is looking at options to expand sanctions to impose on Russia over its invasion of Ukraine and will have more to say about it in the coming days, White House spokesperson Kate Bedingfield said on Wednesday.

Bedingfield was speaking at the daily White House briefing. Biden has imposed a wide variety of economic penalties aimed at punishing Russia.

Meanwhile, the Russia Central Bank has raised its interest rates to 20%, which has helped shore up the ruble and lessen the effects of the sanctions, the Associated Press reported Wednesday. In addition, the Kremlin has imposed strict capital controls on those wishing to exchange their rubles for dollars or euros.

Related story:
Russia's Ruble Rebound Raises Questions of Sanctions' Impact

© 2024 Thomson/Reuters. All rights reserved.


StreetTalk
The United States is looking at options to expand sanctions to impose on Russia over its invasion of Ukraine and will have more to say about it in the coming days, White House spokesperson Kate Bedingfield said on Wednesday.
white house, biden admin, russia sanctions, ruble, russia central bank
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2022-30-30
Wednesday, 30 March 2022 03:30 PM
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