Over 300 New Russia Sanctions Issued

Secondary Sanctions for Financial Institutions

The Treasury and State Departments are issuing sweeping new measures guided by G7 commitments to intensify the pressure on Russia for its continued war against Ukraine.

Wednesday's actions ratchet up the risk of secondary sanctions for foreign financial institutions that deal with Russia’s war economy; restrict the ability of Russian military-industrial base to take advantage of certain U.S. software and information technology (IT) services; and, together with the Department of State, target more than 300 individuals and entities.

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