New Sanctions Against Russia in Case of Escalation of the Situation in Ukraine: What the US and EU Are Discussing

Last week, US authorities discussed with European allies the possibility of imposing new sanctions against Russia in the event of escalation of the situation in Ukraine, reports Bloomberg.

According to the agency, the Biden administration is already developing a range of possible responses.

"The formulation of measures is still in the early stages in the US itself and will require more consultations before securing support from other countries," the article notes.