News alert: US announces new sanctions against Russian Central Bank; Ukraine demands cease-fire as it meets with Russia: Latest updates
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Ahead of the opening of financial markets, the U.S. announced new sanctions Monday against the Kremlin. The sanctions effectively cut off Russia's Central Bank from accessing assets either held in the U.S. or in U.S. dollars, severely restricting any effort by Russian President Vladimir Putin to blunt the effects of previous sanctions that have sent the country's economy into a free fall. |
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