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World - North America Updated: February 24, 2023

Ukraine-Russia: US Newly Sanctions Russia On War Anniversary

By Quadri Adejumo
February 24, 2023
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Marking the first anniversary of Russia's invasion of Ukraine, the U.S on Friday announced new sanctions against Russia and its allies.

The United States joined with G-7 allies with plans to impose sanctions targeting 200 individuals and entities and a dozen Russian financial institutions.

The sanctions are aimed at targets in Russia and "third-country actors" across Europe, Asia and the Middle East that are supporting Russia's war effort, the White House said.

It added; "We will sanction additional actors tied to Russia's defense and technology industry, including those responsible for backfilling Russian stocks of sanctioned items or enabling Russian sanctions evasion."

US President Joe Biden was also set to sign proclamations to raise tariffs on Russian products imported to the United States.

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They will result in increased tariffs on over 100 Russian metals, minerals and chemical products worth about $2.8 billion to Russia.

The United States also said it would provide another $2 billion aid in weaponry for Ukraine.

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Quadri Adejumo

Quadri Adejumo covers World News, Health, Climate & Humanitarian.

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