On Wednesday, the United States of America will impose new sweeping sanctions on Putin’s Russia in coordination with the European Union (EU) and Group of Seven (G-7) countries, according to a U.S. government official. The new sanctions will impose significant consequences on Moscow and further isolate the country on financial, economic, and technological grounds in the world arena.
The latest sweeping sanctions will suspend all new investment in Russia, intensify sanctions on state-owned enterprises and financial institutions in Russia, and sanction Russian administration officials and members of their families. In addition, according to a European official having knowledge of the matter, America could apply costs on the Russian President’s two daughters, Mariya Putina and Katerina Tikhonova, as soon as April 6.
⚡️ Bloomberg: US, EU, G7 to ban all new investments in Russia.
The new round of sanctions could include a U.S. ban on all new investments in Russia. Bloomberg adds that the U.S. is planning to increase penalties on Russian financial institutions and state-owned enterprises.
— The Kyiv Independent (@KyivIndependent) April 5, 2022
The EU proposed list, which still needs approval by the Western administrations and could alter before it happens, also includes many other people, including tycoons and political leaders. Sanctioning the daughters of Vladimir Putin is chiefly a symbolic action since it is uncertain that they’ve substantial assets outside of Russia, but it is designed to gain the attention of the President.
Moreover, according to the Western official, the US administration is eying an expansion of consequences Sberbank, the largest Russian bank by assets value, and ALFA-BANK JSC, the largest of the private banks in Russia.
The new package of sanctions will mark the newest boom in attempts by the United States and its partners to announce sanctions on Russia for its all-out incursion and, over time, disconnect the key economic branches the country uses to wage the continuing brutal war. In addition, they follow new exposures of further barbarity committed by Russian troops in Ukraine’s North, with the footage and photographs of civilians’ killings in Bucha town serving as a throttle to continuing talks between America and its Western allies and partners to raise the economic consequences.
The Government official said that these measures would damage critical instruments of Russian state power, impose severe and instant harm on Russia, and hold answerable the Putin’s kleptocracy that funds the supports Russia’s war in Ukraine. The official added that these actions would be taken in coordination with their Allies, demonstrating their resolve and harmony in announcing unparalleled consequences on Putin’s Russia for its unprovoked attack on Ukraine.
On Tuesday, without offering evidence, Antony Blinken, the U.S. Secretary of State, said that the Bucha killings were no unpredictable act of a rogue unit but part of a thoughtful Russian military campaign to commit war crimes.