The United States and its allies are expected to soon impose comprehensive sanctions that will target the Russian banking sector and officials as announced just now. Not only that, the U.S. and its allies will also ban new investments in Russia after Washington and Kyiv accused Moscow of committing war crimes in Ukraine.
The new sanctions will impose additional restrictions on Russian financial institutions and state -owned enterprises. Not only that, Russian government officials were also targeted victims as noted by White House secretary Jen Psaki.
According to Psaki, the United States and its allies will announce details of the latest sanctions that will press Russia more deeply in the economic, financial sector. The G7 and the EU, which now hold an economic stake of around 50% of the economy, will make Russia even more trapped.
This latest sanctions measure is aimed at ‘destroying’ the main instrument of power for the Russian state, pushing the Russian economy into further decline and as a stern reminder to Russia.
U.S. Department of Justice on Wednesday also plans to announce new enforcement actions that disrupt and prosecute Russian criminal activity. Earlier, the U.S. and its allies had accused Russia of launching mass shootings involving civilians. So much so that U.S. Secretary of State Antony Blinken said the killings were part of a deliberate Russian campaign to commit atrocities.
Russia, on the other hand, says that the launch of a "special military operation" in Ukraine on February 24 did not involve civilians and that the American statement was a hoax. A senior French official said the European Union was also likely to impose new sanctions on Wednesday. The Wall Street Journal reported that Sberbank may be among the targeted banks.
