US hits Russia with new sanctions on first anniversary of war on Ukraine

The US announced new sanctions on Russia on the one-year anniversary of the start of the Kremlin’s war on Ukraine.

President Joe Biden’s administration revealed the sanctions on Friday as the Group of 7 nations leaders met virtually and pledged ‘unwavering support’ for Ukraine and its President Volodomyr Zelensky.

‘One year ago, the G7 met following Putin’s assault against Ukraine. Now, not only does Ukraine stand, but the global coalition in support of Ukraine is stronger than ever, with the G7 as its anchor,’ tweeted Biden. ‘We spoke again to renew our commitment to impose unprecedented costs on Putin.’

The new sanctions are aimed at 200 individuals or entities across sectors including finance, defense and technology.

‘We are continuing to impose significant costs on Russia for its illegal war against Ukraine, including through additional sanctions measures,’ stated US Treasury Secretary Janet Yellen in a meeting with UK finance minister Jeremy Hunt. 

The Biden administration also warned China and other nations to not assist Russia in evading sanctions.

‘We will sanction additional actors tied to Russia’s defense and technology industry, including those responsible for backfilling Russian stocks of sanctioned items or enabling Russian sanctions evasion,’ stated the White House.

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