3/11, 5:30 PM (Source: TeleTrader)
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Biden's exec. order bans new investment in Russia

United States President Joe Biden issued an executive order banning certain exports, imports and new investment in Russia in response to Moscow's actions in Ukraine.

The new measures include a ban on "new investment in any sector of the Russian Federation economy" by Americans, as well as "the exportation, reexportation, sale, or supply, directly or indirectly, from the United States, or by a United States person, wherever located, of U.S. dollar-denominated banknotes to the Government of the Russian Federation or any person located in the Russian Federation."

The US also prohibited imports of fish, seafood, alcoholic beverages, non-industrial diamonds and "any other products of Russian Federation origin as may be determined by the Secretary of the Treasury, in consultation with the Secretary of State and the Secretary of Commerce."

Baha Breaking News (BBN) / NP