First, the United States will impose full blocking sanctions on Sberbank, by far the largest financial institution in Russia and Alpha Bank, his largest private bank. We're locking down any accounts, any funds that those banks hold in the United States.
President Biden announced new sanctions on Russian banks in response to the invasion of Ukraine.
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These benefits belong to the American citizens who earned them through decades of honest labor, and my Administration will never allow criminal illegal aliens and fraudsters to raid a system they never paid into.
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