Ukraine war: US and UK hit Russia with new sanctions
- The US will impose sanctions on 400 individuals and entities, including the Duma, Russia’s lower house of parliament, and 328 of its members
- Britain is targeting 65 individuals and entities, including a shadowy mercenary firm and the world’s largest diamond producer
The US and the UK announced new sanctions against on Thursday, punishments designed to ramp up pressure on Moscow over its invasion of Ukraine.
The measures announced on Thursday during summit meetings between President Joe Biden and Nato, as well as the Group of 7 (G7), will be followed by others to reduce Europe’s reliance on Russian oil and gas – the lifeblood of the nation’s economy, according to senior administration officials.
The US will impose full blocking sanctions on more than 400 individuals and entities, including the Duma, Russia’s lower house of parliament, and 328 of its members, more than a dozen Russian elites and 48 Russian defence companies.
“I’m announcing additional sanctions on over 400 Russian elites, lawmakers, and defence companies in response to Putin’s war of choice in Ukraine,” Biden said in a tweet. “They personally gain from the Kremlin’s policies, and they should share in the pain.”
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Ordinary Russians feel economic pain of Western sanctions on Moscow over Ukraine invasion
The sanctions will hit Herman Gref, the head of Russia’s Sberbank and an adviser to President Vladimir Putin; Russian billionaire Gennady Timchenko, his companies and his family members; as well as 17 board members of the Russian financial institution Sovcombank.