The White House is trying to maintain sanctions pressure while avoiding “a global economic catastrophe,” the agency says The Biden administration is privately urging leading US banks like JPMorgan Chase and Citigroup to continue doing business with strategic Russian firms despite sanctions imposed on Moscow over the conflict in Ukraine, people familiar with the issue told Bloomberg. Such requests have been made by the Treasury and State Departments as the US government is trying to keep pressure on Russia, but at the same time avoid “a global economic catastrophe,” the news agency reported on Monday. Washington ha
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