President takes aim at Russia’s largest banks and companies but is emphatic US troops will not engage in conflict in Ukraine

Joe Biden on Thursday announced a fresh round of what he said would be crippling sanctions on Russia after its invasion of Ukraine, declaring that Vladimir Putin “chose this war” and that he and his country will bear the consequences.

The sanctions target Russia’s largest banks and companies, cutting them off from western financial markets, while imposing export controls and sanctioning Russian oligarchs and their families.

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