homeworld NewsUS announces new sanctions against Russia and its allies on anniversary of Russian invasion

US announces new sanctions against Russia and its allies on anniversary of Russian invasion

The United States marks the first anniversary of Russia's invasion of Ukraine with new sanctions against Russia and its allies and new export controls and tariffs aimed at undermining Moscow's ability to wage war.

By CNBCTV18.com Feb 24, 2023 5:11:23 PM IST (Published)

4 Min Read

The United States marked the first anniversary of Russia's invasion of Ukraine on Friday with new sanctions against Russia and its allies, new export controls and tariffs aimed at undermining Moscow's ability to wage war. The anniversary coincided with Russia's deployment of 100,000 troops on the Ukrainian border, raising concerns of a potential escalation of the conflict.
President Joe Biden consulted with leaders of the G7 allies and Ukraine President Volodomyr Zelenskiy at 9 a.m. (1400 GMT) to discuss what more aid can be provided to the Ukrainians. The United States joined with G7 allies with plans to impose sanctions that will target 200 individuals and entities and a dozen Russian financial institutions.
The sanctions are aimed at targets in Russia and "third-country actors" across Europe, Asia and the Middle East that are supporting Russia's war effort, the White House said in a fact sheet.