Biden slaps new economic sanctions on Russia

(Mikhail Klimentyev, Sputnik
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On the one-year anniversary of Russia’s invasion of Ukraine, the United States is hammering Russia with a new round of economic sanctions designed to undermine the country’s ability to continue to wage war.

The U.S. Treasury Department on Friday announced deep-cutting new sanctions targeting the metals and mining sector of Russia’s economy. In coordination with allies and G7 partners, the U.S. aims to hinder President Vladimir Putin’s ability to obtain the capital, materials, and technology that enables the Russian military to sustain its war against Ukraine, the Treasury Department said.

The sweeping sanctions target more than 200 individuals and entities from multiple counties with ties to Russia, including companies based in Cyprus, Malta, Switzerland, the United Arab Emirates, Bulgaria, Czech Republic, British Virgin Islands, and the Bahamas.


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