US announces sanctions against Russian lawmakers and defense companies | Radio WGN 720


(The Hill) — The Biden administration on Thursday announced sanctions against more than 300 Russian lawmakers and dozens of state-owned companies linked to the war effort during the invasion of Ukraine.

The announcement came as President Biden met with NATO allies and Group of Seven (G-7) leaders in Brussels as world leaders discussed how to respond to Russia’s invasion of Israel. Ukraine as it expands into its second month.

The sanctions target 328 members of the Duma, which is Russia’s legislative body, as well as the Duma itself as an entity.

The United States is also sanctioning 17 board members of Sovcombank, one of Russia’s largest financial institutions, as well as 48 Russian defense companies that produced equipment for the Russian war effort, including helicopters and tactical missiles.

The administration also announced sanctions against Herman Gref, who heads Sberbank, Russia’s largest financial institution, and Gennady Timchenko, a wealthy businessman and friend of Russian President Vladimir Putin.

In addition to the new sanctions put in place by the Biden administration, the United States and its European allies have launched an initiative to better enforce existing sanctions against Russia.

“As long as President Putin continues this war, the United States and its allies and partners are committed to ensuring that the Russian government feels the cumulative effects of our current and future economic actions,” the White House said in a statement. communicated.


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