U.S. unveils new Russia sanctions over Ukraine invasion

US President Joe Biden

US President Joe Biden on Thursday unveiled harsh new sanctions on Russia meant to punish the country for its full scale invasion of Ukraine.

The new sanctions include export blocks on technology, a centerpiece of Biden's approach that he said would severely limit Russia's ability to advance its military and aerospace sector. He also applied sanctions on Russian banks and corrupt billionaires and their families who are close to the Kremlin.

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