Biden blocks U.S. investment and trade in separatist regions of Ukraine

President Biden.
(Image credit: Alex Wong/Getty Images)

President Biden on Monday evening signed an executive order that prohibits Americans from trading and investing in the self-proclaimed Donetsk People's Republic and Luhansk People's Republic, two separatist regions of Ukraine.

Earlier in the day, Russian President Vladimir Putin recognized the breakaway regions as independent and signed friendship treaties with their leaders. He also sent troops to the areas, claiming they were on a "peacekeeping" mission.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
Catherine Garcia, The Week US

Catherine Garcia has worked as a senior writer at The Week since 2014. Her writing and reporting have appeared in Entertainment Weekly, The New York Times, Wirecutter, NBC News and "The Book of Jezebel," among others. She's a graduate of the University of Redlands and the Columbia University Graduate School of Journalism.