Biden Imposes Sanctions On Russia, Bitcoin Jumps To $39K Today

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The U.S. will block five of the biggest Russian banks and freeze all assets they hold in America, worth over $1 trillion, President Joe Biden said in a press conference Thursday.

U.K. prime minister Boris Johnson imposed similar sanctions earlier Thursday, freezing the assets of all major Russian banks and cutting them off from the U.K.’s financial markets, reported the Associated Press. The prime minister also seeks to bar Russian companies and the Russian government from raising money on U.K. markets, a measure Biden echoed in his press conference.

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