• By The Financial District

'Destructive' Sanctions Won't Hurt Putin, Russia Brags

Russia warned on Wednesday that imposing sanctions on President Vladimir Putin personally would not hurt him but would be "politically destructive," after US President Joe Biden said he would consider such a move if Russia invaded Ukraine, Dmitry Antonov, and John Irish reported for Reuters.

Photo Insert: Russian President Vladimir Putin may be facing rare personal sanctions but is unphased.

Biden said on Tuesday that personal sanctions on Putin, though a rare step, could be considered as part of a concerted drive by Washington and its allies to convince Moscow that any new aggression against Ukraine would bring swift and massive costs.

Kremlin spokesman Dmitry Peskov said US congressmen and senators discussing personal sanctions against Russia's top leaders were ignorant of the fact they were legally barred from holding assets, property, and bank accounts abroad.

Individual sanctions against Putin would be "not painful (but) politically destructive," said Peskov, who has previously said they would amount to a severing of diplomatic relations. As officials began four-nation talks in Paris, Russia held new military drills on land and sea and moved more paratroopers and fighter jets to Belarus, north of Ukraine, for what it describes as joint exercises there next month.

Ukraine said Russia, which has gathered tens of thousands of troops near its border but denied it plans to invade, was trying to sow panic. Foreign Minister Dmytro Kuleba said Moscow had not yet massed sufficient forces for a large-scale offensive, but that did not mean it could not do so later.

All the news: Business man in suit and tie smiling and reading a newspaper near the financial district.

Nearly eight years after Russia seized Crimea and backed separatist fighters in Donbas in eastern Ukraine, the former Soviet republic has become the flashpoint in potentially the most dangerous East-West confrontation since the Cold War.

Russia says the crisis is being driven by NATO and US actions, and is demanding security guarantees from the West, including a promise by NATO never to admit Ukraine.

Government & politics: Politicians, government officials and delegates standing in front of their country flags in a political event in the financial district.

Moscow sees Ukraine as a buffer between Russia and NATO countries. The United States has spent weeks trying to build an agreement with European partners on a strong sanctions package if Russia attacks. But the task is complicated by Europe's dependence on Russian energy and the fact that sanctions would hurt its own businesses, too.

WEEKLY FEATURE : MVP Group Keeps Lights On During Pandemic

Optimize asset flow management and real-time inventory visibility with RFID tracking devices and custom cloud solutions.
Sweetmat disinfection mat