Here’s What Western Allies Hit in the First Wave of Russia Sanctions
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The U.S., Europe and the U.K. unveiled limited sanctions against Russia and signaled they are ready to go further unless President Vladimir Putin changes course to reduce tensions over Ukraine.
Shares in Russia’s two biggest banks, Sberbank and VTB, rallied after they were left out. Oil fell after President Joe Biden’s speech, signaling that U.S. actions were viewed as incremental.