U.S. sees sanctions starting to bite harder on Russia, White House’s Kirby says

Sanctions on Russia are beginning to be felt “much more keenly in the Kremlin” than they were six months ago, John Kirby, the White House national-security spokesman, said Wednesday. Speaking in a live interview with MarketWatch, Kirby also said the price cap on Russian oil has been “very effective.” Kirby addressed a potential near-term meeting between President Joe Biden and Chinese President Xi Jinping, saying it will happen when appropriate.