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Biden Sanctions Plan Targets Russian Banks, Companies and Imports If Ukraine Is Attacked
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WASHINGTON—The Biden administration is narrowing its targets for a barrage of economic sanctions against Russia if it attacks Ukraine—hitting major Russian banks, state companies and needed imports, though the strategy faces obstacles that have hindered previous pressure campaigns.
Administration officials said the planned actions are being finalized and are unparalleled in recent decades against Russia, putting teeth into President Biden’s threat to apply punishing financial and other sanctions in the event of a Russian assault.
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