WASHINGTON: The United States said Friday it will impose sanctions on foreign banks that support Russia’s war in Ukraine, in a new bid to exert pressure on Moscow as it diversifies from the West to China. Under an executive order signed by President Joe Biden, the United States will slap so-called secondary sanctions against financial institutions that back companies already targeted for supporting Russia’s defense industry. “We are sending an unmistakable message: anyone supporting Russia’s unlawful war effort is at risk of losing access to the US financial system,” Jake Sullivan, Biden’s national security advisor, said in a statement. Sullivan said the new sanctions will “continue tight
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