U.S. to unleash IRS on Russian banks

Credit: MGN Online

U.S. to unleash IRS on Russian banks

May 6, 2014 Updated May 6, 2014 at 3:12 PM CDT

The Treasury Department will soon use a new law to make it more expensive for Russian banks to do business in America.

The move is in response to Russian action in Ukraine and could prove more costly than sanctions. Find out more about this story by watching the video below.