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U.S. Eyes Financial, Targeted Tech Sanctions as Talks Begin With Russia - The Wall Street Journal

WASHINGTON—As the Biden administration and U.S. allies begin contentious talks with Moscow this week, Western officials are eyeing significant financial punishments and targeted technology sanctions if Russia sends troops across the Ukrainian border, while likely avoiding the broadest energy and bank sanctions, according to people familiar with the matter.

U.S. officials have considered measures to curb Russian energy exports or expel the country from the dollar-denominated international financial system, according to people familiar with the deliberations. But those measures risk raising energy prices for U.S. consumers already struggling with high inflation as well as hurting European economies that have deeper trade and financial ties to Russia’s, officials and analysts say.