As the Group of Seven leaders met in Japan late last week, the United States announced new sanctions on more than 300 Russian targets – intensifying one of the harshest sanctions efforts ever imposed.
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The move was meant to target Moscow’s sanctions evasion, future energy revenues, and military-industrial supply chains Reuters reported. The aim is to punish Russia for its unprovoked invasion of Ukraine as the war enters its 15th month.
“(These) actions will further tighten the vise on (Russian President Vladimir) Putin’s ability to wage his barbaric invasion and will advance our global efforts to cut off Russian attempts to evade sanctions,” U.S. Treasury Department Secretary Janet Yellen said in a statement on Friday.
Targeting Russia and Individual Russians
The U.S. and Europe imposed financ …