The U.S. and other Group of Seven nations rolled out a new wave of global sanctions against Russia over its invasion of Ukraine as they met Friday during a summit in Japan. The sanctions target hundreds of people and firms - including those helping...
After 15 months of war, the allied nations are still aiming at new targets for financial penalties that block, freeze and seize access to international funds.
The U.S. hit individuals and organizations across 20 countries, focusing on people and firms helping the Kremlin evade existing sanctions to procure technology. The Commerce Department added 71 firms to its list, and the State Department put 200 people, firms and vessels on its blocked list. She added that the war is “relatively cheap” for Russia to prosecute, amounting to up to an estimated 5% of GDP.
Along with imposing individual sanctions, the U.S. and allies have frozen Russian Central Bank funds, restricted Russian banks’ access to SWIFT - the dominant system for global financial transactions - and imposed a $60-per-barrel price cap on Russian oil and diesel. Newer sanction efforts have been dedicated to the evaders and the “facilitators” of evasion, who help Russia acquire supplies and technology.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Live blog: We need more consolidation to put pressure on Russia – ZelenskyyUkraine’s President Volodymyr Zelenskyy says Kiev needs more consolidation from the world to put more pressure on Russia Follow our live coverage 👇
Read more »
Russia fires 30 cruise missiles at Ukrainian targets; Ukraine says 29 were shot downRussia fired 30 cruise missiles against different parts of Ukraine early Thursday in the latest nighttime test of Ukrainian air defenses, which shot down 29 of them, officials said.
Read more »
Battle for Bakhmut swinging in Ukraine's favor—and Russia knows itMilitary spokesperson Serhiy Cherevaty has been quoted as saying Ukrainian troops had advanced up to 500 meters in the direction of Bakhmut in a day.
Read more »
One Killed as Russia Unleashes Overnight Strikes on UkraineUkraine’s military said it managed to shoot down 29 of 30 missiles fired, but one person was killed when a missile crashed into an industrial facility in Odesa after being knocked down by air defenses.
Read more »
Global wheat prices fall as Russia-Ukraine grain deal extended | CNN BusinessGlobal wheat prices fell Thursday after Ukraine and Russia agreed to extend a deal allowing grain to be exported from Ukrainian ports in the Black Sea.
Read more »