US, EU and G7 to hit Russia with new round of sanctions, including investment bans
Fresh sanctions to follow after accusations of Russia’s atrocities in war
By Arghyadeep Dutta
Published - Apr 05, 2022, 10:12 PM ET
Last Updated - Feb 21, 2024, 01:03 PM EST
Measures are aimed at degrading Kremlin power, with proposed sanctions on Putin’s daughters
The US, European Union, and the Group of Seven (G7) are reportedly coordinating on a new round of sanctions on Russia for its atrocities in Ukraine, including a US ban on all new investments.
The governments are planning to increase sanctions on Russian financial institutions, state-owned enterprises, and several unspecified Russian officials and their family members, Bloomberg reported on Tuesday, citing a Biden administration official.
The report said western nations could announce the new set of sanctions on Wednesday. On the news, Russia’s currency ruble has also marginally weakened against the US dollar.
