Russia held exercises demonstrating its power to sink ships and stop those that try to run its blockade. For Ukrainian food exports to resume, Moscow said, a list of demands must be met.
Although U.S. officials have cautioned against seizing Russia’s reserves in foreign banks, others say it’s “crazy” not to after Moscow’s war of aggression.
The U.S. imposed new sanctions on Russian officials and companies, and penalized foreign businesses aiding the Russian military. But officials are holding back on energy sanctions.