Describing the latest actions by Russia as the beginning of an "invasion" of Ukraine, President Joe Biden on Tuesday announced the "first tranche" of U.S. sanctions.
"I'm going to begin to impose sanctions in response, far beyond the steps we and our allies and partners implemented in 2014," Biden said from the White House. "And if Russia goes further with this invasion, we stand prepared to go further as with sanctions."
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Business News
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.