President Joe Biden’s administration plans to impose new export controls and new sanctions on Russia, targeting key industries, a year after Vladimir Putin launched his invasion of Ukraine.
The measures will target Russia’s defense and energy sectors, financial institutions and a number of individuals, according to people familiar with the matter who spoke on condition of anonymity. The US and allies are also expected to turn their attention to preventing sanctions evasion and circumvention – and to disrupting support for Russia from third countries.
Spokesmen for the White House National Security Council did not immediately comment.
US and European leaders are bracing for a conflict that could spill far into the future, as Ukraine’s allies rush to deliver weapons that will turn back intensified Russian offensives on the eastern and southern fronts – and in the spring would enable a Ukrainian counter-attack.
As part of the increased efforts, the EU could compel banks and other institutions to report sanctioned Russian assets as part of a new package of measures that the bloc will also approve next week. wants to give EU sanctions require the support of all member states.
The EU package also includes proposals to impose sanctions on Iranian entities providing drones and other military supplies to Russia, as well as broad trade controls on other items used by Russia’s military, including technologies, Includes components, heavy vehicles, electronics and rare. -Earth.
The Group of Seven countries and the European Union are also looking to step up their cooperation to enforce the sanctions. It aims to increase pressure on companies that can help Russia mitigate the effects of sanctions, tighten existing measures, increase diplomatic pressure on countries that aid Moscow, as well as the flow of military supplies. Can explore future measures and punishments to deter
It’s been a year since Russia’s war in Ukraine and now with several sets of sanctions packages, there will be a renewed focus on enforcing existing sanctions, which will include countries implementing the coercion as well as companies implementing the measures. will also be included. said of the people.
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