Ukraine Latest: U.S. Says It Has Slowed Tech Goods to Russia

WATCH: Ukrainian President Zelenskiy called for more international military aid and said the situation in Mariupol remains extremely severe.Source: Bloomberg
Lock
This article is for subscribers only.

Restrictions by the U.S. and its allies have led to a fall in more than half of Russia’s imports of high-tech goods and parts, hurting its manufacturing and military sectors, a Biden administration official said.

Ukraine Prime Minister Denys Shmyhal told global policy makers it would cost $600 billion for his country to rebuild. U.S. Treasury Secretary Janet Yellen said it might be possible to get Russia to foot part of that bill, adding Europe should be “careful” about a ban on Russian oil that could hurt the world economy.