Sanctions Trigger Market Volatility Amid Russia-Ukraine Crisis
By: Lexi Blakes Thursday, Feb. 24, U.S. President Joe Biden announced additional sanctions on Russian banks in light of the recent escalation of the Russia-Ukraine conflict. The crisis has been mounting since tensions developed in 2014, when protesters in Ukraine overthrew President Viktor Yanukovych, who was partisan to Russia’s interests. That same year, Russia invaded and annexed the Ukrainian peninsula of Crimea. In the years following, the Minsk Accords were signed by Russia, Ukraine, France and Germany, but it did little to protect Ukraine from Putin’s ambitions. Now, in 2022, Putin has ordered a full-scale invasion of Ukraine. Citing pro-Western…