I break down the Russia and Ukraine conflict and explain it... What are sanctions? It's a question I get alot it seems.
Basically, they’re an economic alternative to using military force to try to compel a country to do, or not do something. It's an alternative to not outright using military force and is a long list of economic punishments that the United States, especially working with other countries, can put together.
President Biden has put sanctions on several Russian banks, a handful of Kremlin-connected elites and their families.
He has also worked with Germany to temporarily stop a lucrative oil pipeline from Russia to Germany and blocked certain technology exports to Russia, which he said he hopes will stop it's military advancement.
Another question i hear is how will this affect the U.S. economy?
Russia’s attack on Ukraine is already having economic consequences in the United States and across the world. All major U.S. markets are down and will continue to do so.
Russia is a major exporter of natural gas and oil, so the conflict has also sent gas prices soaring.
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