Balancing Act: Business with Russia Amid US Sanctions

The US is expanding secondary sanctions to deter business with Russia, with China being a key player in bypassing these sanctions. Talks have indicated the possibility of establishing 'bad banks' to facilitate sanctions evasion. The US may escalate to tertiary sanctions for those doing business with sanctioned individuals. This reflects American efforts to increase pressure on Russia amidst frustration with the effectiveness of current sanctions and urgency regarding the situation in Ukraine.