The U.S. and U.K. governments plan to target Russian oligarchs and businesses connected to the Kremlin as part of a broad sanctions effort designed to punish Moscow in case Russia invades Ukraine
Washington is drafting a list of Kremlin allies that could be blacklisted if Russia invades Ukraine, and the U.K. is proposing a new sanctions law
President Biden said in mid-January that the U.S. is ready to unleash sanctions against Russia if President Vladimir Putin makes a move against Ukraine. Biden also laid out a possible diplomatic resolution. Photo: Susan Walsh/Associated Press
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