Updated On: 02 March, 2022 08:51 AM IST | Washington | PTI
He said the Russian stock market has lost 40 per cent of its value and trading remains suspended. Russia`s economy is reeling and President Vladimir Putin alone is to blame, he added

US President Joe Biden. Pic/PTI
President Joe Biden has announced that the United States is closing its airspace to Russian planes, asserting that this along with other punitive measures would weaken Russia.
"Tonight, I am announcing that we will join our allies in closing off American air space to all Russian flights " further isolating Russia " and adding an additional squeeze " on their economy. The Ruble has lost 30 per cent of its value," Biden told lawmakers in his maiden State of the Union Address on Tuesday.