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US plans fresh sanctions on Russia, including ban on all new investments

22 13 7

WASHINGTON (AP) — The United States and western allies plan to pile additional sanctions on Russia on Wednesday after the emergence of troubling new evidence of war crimes in Ukraine, a US official said Tuesday. The new penalties will include a ban on all new investment in Russia.

Among the other measures being taken against Russia are greater sanctions on its financial institutions and state-owned enterprises, and sanctions on government officials and their family members. The official insisted on anonymity to discuss the forthcoming announcement.

Separately, the Treasury Department moved Tuesday to block any Russian government debt payments with US dollars from accounts at US financial institutions, making it harder for Russia to meet its financial obligations.

US President Joe Biden and allies have worked together to levy crippling economic penalties against Russia for invading Ukraine more than a month ago, including the freezing of central bank assets, export controls, and the seizing of property, including yachts, that belong to Russia’s wealthy elite. But calls for increased sanctions intensified this week in........

© The Times of Israel

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