The United States has imposed financial sanctions against eastern Ukraine's breakaway regions of Donetsk and Luhansk in response to Russia recognizing these rebel territories.
Washington has indicated that tough sanctions targeting Russia were ready if necessary.
President Joe Biden on Monday signed an executive order to "prohibit new investment, trade, and financing by U.S. persons to, from, or in the so-called DNR and LNR regions of Ukraine," the White House said, referring to Donetsk and Luhansk.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.