US and allies in Europe set to announce even more sanctions on Russia
— The U.S. and its European allies are set to impose stiff new sanctions, including a ban on new investments in Russia on Wednesday, a U.S. official says, in retaliation for Russia’s “war crimes” in Ukraine.The joint action will include a ban on new investment in Russia, toughened sanctions on its financial institutions and government-owned enterprises, and more sanctions on Russian government officials and their family members.
The official said they would further Russia’s economic, financial and technological “isolation” from the rest of the world as a penalty for its attacks on civilians in Ukraine.
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