US Targets Russia's Biggest Bank, Part of new EU Coordinated Sanctions

The United States has added Russia's largest bank, Sberbank,  to an expanded list of sanctioned entities, related to Moscow's involvement in Ukraine.

The move is likely to lead to much higher borrowing costs for Russian consumers and institutions.

It's part of an EU coordinated new round of sanctions targeting key Russian sectors, including energy, finance and defense.

From Washington Daniel Ryntjes reports...

IN: The financial sanctions...
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