• We’re working with our partners to consider more sanctions
  • Signed document authorizing sectors of economy, these could be implemented if Russia escalates situation
  • The bank and individuals were unnamed
  • We will step up our cooperation with Europe on economy and energy

The Duma, the other day petitioned the US to sanction everyone in the lower house as a sign of solidarity. These are more toothless sanctions, from the sounds of it.

No reaction from the market. The White House should release the details of the sanctions soon. There’s no details on which bank will be hit.