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Russia has defaulted on its foreign loans , since it tried to pay them in rubles. Late last week, Standard and Poor has downgraded Russia’s credit rating, indicating that the country may soon be unable to pay its foreign debt . The Swiss have frozen $8 billion in Russian assets to punish the invasion of Ukraine. New United States sanctions against Russia include Putin’s adult children . The sanctions come following accusations of war crimes. As Russians retreat from Ukrainian cities, more and more innocent civilians are being found dead . The first round of accusations were made by the European Union, which claimed that Russian troops killed 300 civilians in Ukrainian town of Bucha. As a result, the United States is considering further sanctions against Russia . Biden has condemned Putin in harsh, personal terms, saying, “For God’s sake, this man cannot remain in power.” He emphasized, however, that he is not condemning the Russian people . The Kremlin lashed back, saying Biden has no authority to decide who is in power in Russia . The United States has formally declared that the Russian military has committed war crimes in the Ukraine . The UK says there is strong evidence that Putin is responsible for war crimes in Ukraine . The United States Senate has condemned Vladimir Putin as a war criminal . NATO has brought together 30,000 troops and 50 warships in Norway amid the rising tensions in the region. Congress has approve a massive aid package […]