Citing Russia's foreign ministry, Reuters reported on Tuesday that Russia has decided to impose sanctions on US President Joe Biden and Secretary of State Anthony Blinken.

"Russian sanctions also apply to US Defense Minister, National Security Adviser, Chief of CIA and others," Reuters further added.

Market reaction

This development doesn't seem to be having a significant impact on risk sentiment. As of writing, the S&P 500 Index was up 1.3% and the Dow Jones Industrial Average was gaining 1%. 

Meanwhile, the US Dollar Index stays in negative territory near 98.80.