Ukraine war: Five challenges for Biden in Europe –

The US and its allies promised that they would impose unprecedented, debilitating economic sanctions on Russia if it were to invade Ukraine. After some early fits and starts, that’s exactly what the allies have done. The Russian economy, its stock market and its currency have been staggered by the allied punishments, which include trade restrictions, financial isolation, limits on energy exports and targeted sanctions on Russian political and business leaders.

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