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Biden would also use the threat of withholding a billion dollars in American loan guarantees to pressure Ukrainian President Petro Poroshenko to fire the prosecutor general. At the time the prosecutor had been investigating Burisma, a Ukrainian natural gas giant that Biden’s son, Hunter, was a board member on.

In response to a new round of U.S. sanctions, Russia is pledging to sell more of its U.S. dollar denominated holdings. Russia has sold off more than 84% of its US holdings in recent months, Treasury data released last month shows.