U.S. and allies announce new sanctions towards Russian financial institution executives, state-owned media, navy officers

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The U.S. and allies introduced a rash of recent sanctions towards Russia on Sunday, focusing on 2,600 Russian navy officers, executives of the Russian financial institution Gazpombank, state-owned media retailers, and different people and companies that the West believes are both get together accountable or complicit in Putin’s invasion of Ukraine. 

President Biden and different G-7 leaders met with Ukrainian President Volodymyr Zelenskyy on Sunday and promised to additionally section out their dependence on Russian oil. 

“We will ensure that we do so in a timely and orderly fashion, and in ways that provide time for the world to secure alternative supplies,” the leaders of the U.S., Britain, Canada, Germany, France, Italy, and Japan stated in a joint assertion. 

Greater than two dozen executives from Gazpombank, which facilitates gross sales by Russia vitality large Gazprom, have been hit by sanctions. The pure fuel producer stated Sunday that it was nonetheless supplying pure fuel to European shoppers via Ukraine. 

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A brand new ban on U.S. accounting and consulting companies doing enterprise in Russia is supposed to cease Russian oligarchs from evading sanctions and “generating revenue for Putin’s war machine,” the White Home stated. 

“Preventing Russia from accessing the United States’ valuable professional services increases the pressure on the Kremlin and cuts off its ability to evade sanctions imposed by the United States and our partners,” Treasury Secretary Janet Yellen said in an announcement. 

A worker rides his bicycle to the BP oil refinery Ruhr Oil in Gelsenkirchen, Germany, Monday, March 28, 2022. 

A employee rides his bicycle to the BP oil refinery Ruhr Oil in Gelsenkirchen, Germany, Monday, March 28, 2022. 
(AP Photograph/Martin Meissner, file)

Visa restrictions have been imposed on about 2,600 Russian and Belarusian navy leaders and different officers who’ve been concerned within the invasion of Ukraine. 

Three of Russia’s hottest tv stations – Joint Inventory Firm Channel One Russia, Tv Station Russia-1, and Joint Inventory Firm NTV Broadcasting Firm – have been additionally lower off from Western promoting as a part of the sanctions introduced Sunday. 

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Whereas the U.S. and allies proceed ramping up the strain on Russia’s economic system via sanctions, the Biden administration additionally introduced an extra $150 million safety help bundle to Ukraine this weekend, which is able to embody 25,000 155mm artillery rounds, 3 AN/TPQ-36 counter-artillery radars, and different navy gear. 

Russian President Vladimir Putin meets with his Belarus' counterpart Alexander Lukashenko at the Kremlin in Moscow on March 11. 

Russian President Vladimir Putin meets along with his Belarus’ counterpart Alexander Lukashenko on the Kremlin in Moscow on March 11. 
(MIKHAIL KLIMENTYEV/SPUTNIK/AFP by way of Getty Photos)

President Biden is urging Congress to additionally approve $33 billion price of navy and financial support for Ukraine that he requested this week. 

 

The brand new spherical of sanctions comes earlier than Russia’s Could 9 Victory Day, when the nation celebrates the defeat of Nazi Germany and the top of World Conflict II. 

Reuters contributed to this report. 

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