Joe Biden: US will impose full blocking sanctions on Spare Bank & Alpha Bank

President Joe Biden at North America's building trades union legislative conference: "We're going to stifle Russia's ability and its economy to grow for years to come, folks. This is the United States.

We're taking additional steps and lockstep with our allies and partners to raise the economic pressure on Putin. First, the United States will impose full blocking sanctions on Spare Bank, by far the largest financial institution in Russia. And Alpha Bank, its largest private bank. We're locking down any accounts, any funds that those banks hold in the United States."

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