12/6/2021, 6:21 PM (Source: TeleTrader)
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Report: US reviewing new Russia sanctions

United States President Joe Biden and his administration are considering imposing new sanctions on Moscow to deter Russian head of state Vladimir Putin and his close circle from initiating military invasion on Ukraine, CNN reported on Monday.

According to sources familiar with the matter, those measures will include penalties on the country's energy and banking sectors and excluding Russia from the Society for Worldwide Interbank Financial Telecommunication's (SWIFT) international payment system.

The report comes just a day ahead of Biden and Putin's scheduled video call. Meanwhile, Kremlin Press Secretary Dmitry Peskov stated the relations between Russia and the US are in a "lamentable state."

Baha Breaking the News (BBN) / JR