Ukraine War Update: Intel suspends all Russian operations
CatLane/iStock via Getty Images

Here are the latest headlines in the Russia-Ukraine crisis:
Intel suspends all Russian operations
Intel (NASDAQ:INTC) is suspending all operations in Russia in response to the Ukraine War. Last month, the company halted product shipments to Russia and Moscow's military ally Belarus.
Biden: Sanctions to stifle Russia for years to come
The U.S. and its allies' sanctions against Russia are "going to stifle Russiaâs ability to grow for years to come," President Joe Biden said on Wednesday in a speech at the North American Builders' Trade Union 2022 Legislative Conference.
Yellen: Ukraine crisis spilling over into global economy
âGlobally, spillovers from the crisis are heightening economic vulnerabilities in many countries that are already facing higher debt burdens and limited policy options as they recover from COVID-19," Treasury Secretary Janet Yellen said in remarks to the House Financial Services Committee.
U.S. targets Putin's adult daughters in sanctions
The United States imposed new sanctions Wednesday on Russia's largest financial institution, Sberbank, and on Alfa Bank, Russia's largest private bank. Washington also hit Russian President Vladimir Putinâs adult daughters, Mariya Putina and Katerina Tikhonova, with sanctions. Additionally, the U.S. targeted Russian Prime Minister Mikhail Mishustin; the wife and children of Russian Foreign Minister Sergey Lavrov; and members of Russiaâs Security Council, including Dmitry Medvedev, a former president and prime minister. 
EU, G7 and U.S. coordinate more sanctions
The discovery of civilian murders and other atrocities in Bucha is leading the U.S., EU and G7 to coordinate a fresh round of sanctions on Russia. Under consideration is an American ban on investment in the country, as well as an EU ban on coal imports and increased penalties on financial institutions. "You can [also] expect that they will target Russian government officials, their family members, Russian-owned financial institutions, also state-owned enterprises," added White House Press Secretary Jen Psaki. "It's a part of the continuation of our efforts to put consequences in place, hold Russian officials accountable."
More assistance
As Russia repivots for a renewed assault on areas in eastern and southern Ukraine, Washington is sending another $100M of military aid to Kyiv, which will go toward purchasing more Javelin anti-tank missiles. That's on top of the $300M in assistance announced by the DoD on April 1, bringing total U.S. assistance to $1.7B since the beginning of the invasion in late February. Secretary of State Antony Blinken authorized the immediate drawdown, which allows the White House to help countries during emergencies without approval from a legislative authority or budgetary appropriations.
Dear readers: We recognize that politics often intersects with the financial news of the day, so we invite you to click here to join the separate political discussion.