07/10/2022

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Biden launches export controls to halt half of high tech imports to Russia

WASHINGTON, Feb 24 (Reuters) – U.S. President Joe Biden on Thursday announced new export control measures that could halt half of high tech imports into Russia, hitting Moscow over its ongoing invasion of Ukraine.

Speaking at the White House, Biden also said his administration would limit Russia’s ability to do business in dollars as well as other currencies, and planned to sanction additional Russian banks including VTB. (Reporting by Steve Holland and Alexandra Alper)