US prepares to sanction Russian companies that provide goods and services to Moscow's military and intelligence services, according to report, as conflict in Ukraine enters into the second month Follow our live coverage:👇
Flames and smoke rise from a fire following a Russian attack in Kharkiv, Ukraine, Friday, March 25, 2022. The Biden administration is preparing sanctions targeting Russian companies it says provide goods and services to Moscow's military and intelligence services, the Wall Street Journal hasThe US Treasury Department sanctions could be announced as early as next week, the report said, citing US officials. The Treasury Department declined to comment on the report.
European stocks, which had been firmly higher earlier in the session, ended the day with only modest gains, but on Wall Street the Dow and S&P 500 climbed out of a midday slump to both gain under one percent at the close. However, analysts say instability in the prices of commodities such as oil were keeping markets volatile, while investors will remain cautious over the economic impact of the conflict in Ukraine, now entering its second month.Germany's SWR Symphony Orchestra has said it would keep working with Greek-Russian conductor Teodor Currentzis despite his "problematic" ties to a Russian bank hit by sanctions over the assault in Ukraine.
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