February 23, 2022
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3:13Now PlayingU.S. President Joe Biden’s debut set of sanctions on Russia for its actions over disputed Ukrainian territory hit markets with a whimper and were quickly criticized as limited in scope.
Instead of a sweeping package that crippled top Russian banks, cut its financial transactions off from the global economy, or personally singled out President Vladimir Putin, the U.S. and its allies settled on a modest “first tranche” of penalties. Markets responded with a shrug.
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