The United States, in coordination with the EU and Group of 7 nations, will roll out new sanctions against Russia — including an investment freeze — in response to evidence of war crimes in Ukraine, according to a senior administration official.
President Joe Biden speaks to the media at Fort Lesley J. McNair, Monday, April 4, 2022, as he returns to Washington and the White House after spending the weekend in Wilmington, Del. – The United States and western allies plan to pile additional sanctions on Russia on Wednesday after the emergence of troubling new evidence of war crimes in Ukraine, according to the White House. The new penalties will include a ban on all new investment in Russia.
Separately, the Treasury Department moved Tuesday to block any Russian government debt payments with U.S. dollars from accounts at U.S. financial institutions, making it harder for Russia to meet its financial obligations.President Joe Biden and U.S.
Still, almost all of the EU has refrained from an outright ban on Russian oil and natural gas that would likely crush the Russian economy. The U.S. has banned fossil fuels from Russia, while Lithuania blocked natural gas from that country on Saturday, becoming the first of the 27-member EU to do so. The EU executive branch on Tuesday proposed a ban on Russian coal, while Germany's government intends to end its use of Russian natural gas over the next two years.
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