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US, EU to hit Russian investments with new round of sanctions

Bloomberg
Bloomberg4/7/2022 11:12 AM GMT+08  • 3 min read
US, EU to hit Russian investments with new round of sanctions
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The US, European Union and Group of Seven are coordinating on a fresh round of sanctions on Russia, including a US ban on investment in the country and an EU ban on coal imports, following the discovery of civilian murders and other atrocities in Ukrainian towns abandoned by retreating Russian forces.

The governments plan to increase penalties on Russian financial institutions and state-owned enterprises and will sanction unspecified Russian officials and their family members, said White House Press Secretary Jen Psaki.

“You can expect that they will target Russian government officials, their family members, Russian-owned financial institutions, also state-owned enterprises. It’s a part of the continuation of our efforts to put consequences in place, hold Russian officials accountable,” Psaki told reporters Tuesday, adding that an announcement would come Wednesday.

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