Beyond the Battlefield: What Might Happen Next in the Ukraine Crisis

Administration officials have studied how sanctions would affect each of the big banks, including Sberbank and VTB, Russia’s two largest banks. Sberbank has about a third of the assets in the country’s banking sector, and VTB has more than 15 percent. Some experts are skeptical that the administration would put those two banks on the S.D.N. list for fear of the consequences for the Russian and global economies. For now, U.S. officials are not ready to cut off all Russian banks from Swift, the important Belgian money transfer system used by more than 11,000 financial institutions worldwide.

The Treasury Department has other sanctions lists that would impose costs while inflicting less widespread suffering. For example, it could put a bank on a list that prevents it from doing any transactions involving dollars. Many international commercial transactions are done in U.S. dollars, the currency that underpins the global economy.

The Treasury Department is also expected to put more Russian officials, businesspeople and companies on the sanctions lists.

By Thursday afternoon in Russia, the nation’s stock market had fallen nearly 40 percent.

The Commerce Department has been making plans to restrict the export of certain American technologies to Russia, a tactic that the Trump administration used to hobble Huawei, the Chinese telecommunications company. The controls would damage the supply chain for some Russian sectors. U.S. officials said their targets included the defense industry and the oil and gas industry.

European officials are expected to announce sanctions similar to many of the ones planned by the United States, as they did this week. However, they have been more wary of imposing the harshest sanctions because of the continent’s robust trade with Russia.

Although Mr. Biden has said he will contemplate any possible sanctions, U.S. officials for now do not plan big disruptions to Russia’s energy exports, which are the pillar of the country’s economy. Europe relies on the products, and surging oil prices worldwide would cause greater inflation and more problems for politicians. However, Germany announces this week that it would not certify Nord Stream 2, a new natural gas pipeline that connects Russia and Western Europe. On Wednesday Mr. Biden announced sanctions on a subsidiary of Gazprom, the large Russian energy company, which built the pipeline and had planned to operate it.

“We have been frank, we have been candid with the American people that our measures — the measures we have and are prepared to impose on the Russian Federation — certainly won’t be cost-free for the Russian Federation,” Ned Price, the State Department spokesman, said on Wednesday. “But they won’t be entirely cost-free for the rest of the world as well.”

White House Says It Does Not Keep Visitor Logs at Biden’s Delaware Home

WASHINGTON — White House officials said on Monday that there are no visitor logs that keep track of who comes and goes from President Biden’s personal residence in Wilmington, Del., where six classified documents were discovered in recent days. A top House Republican demanded on Sunday that the White House turn over visitor logs for […]

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A Florida School Received a Threat. Did a Red Flag Law Prevent a Shooting?

The requests were granted. But the results of the search were not what the detective expected. Memories of Parkland Nationally, more than 20,000 petitions for extreme risk protection orders were filed from 1999 to 2021, according to data collected by Everytown for Gun Safety, an advocacy group. A vast majority of those petitions — more […]

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A Colossal Off-Year Election in Wisconsin

Lauren Justice for The New York Times Conservatives have controlled the court since 2008. Though the court upheld Wisconsin’s 2020 election results, last year it ruled drop boxes illegal, allowed a purge of the voter rolls to take place and installed redistricting maps drawn by Republican legislators despite the objections of Gov. Tony Evers, a […]

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