US slows tech goods to Russia

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US President Joe Bidden

RESTRICTIONS by the US and its allies have led to a fall in more than half of Russia’s imports of high-tech goods and parts, hurting its manufacturing and military sectors, a Biden administration official said.

Ukraine Prime Minister Denys Shmyhal told global policy makers it would cost $600 billion for his country to rebuild. US Treasury Secretary Janet Yellen said it might be possible to get Russia to foot part of that bill, adding that Europe should be “careful” about a ban on Russian oil that could hurt the world economy.

The US Justice Department has been assisting Ukrainian prosecutors in gathering evidence for possible war crimes cases after several nations have accused Russian President Vladimir Putin’s forces of committing atrocities against civilians — something the Kremlin denies. – Bloomberg

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