On Thursday, Russia invaded Ukraine, precipitating the largest military conflict in Europe since World War II. In response, President Biden has delivered on his promise to impose sweeping economic sanctions against Russia, after weeks of saying he would institute severe sanctions against the country in such an event.
It’s unclear at this point what these sanctions will do to stop Russian President Vladimir Putin in his invasion of Ukraine, but the sanctions issued by the U.S., in partnership with its allies, intend to hobble Russia’s economy by restricting its major banks’ ability to conduct…
