Asharq Al-awsat English Middle-east and International News and Opinion from Asharq Al-awsat Newspaper

US Issues Fresh Russia-related Sanctions

US Issues Fresh Russia-related Sanctions

Thursday, 24 March, 2022 - 13:45
A sign marks the US Treasury Department in Washington, US, August 6, 2018. REUTERS/Brian Snyder

The United States on Thursday imposed fresh Russia-related sanctions over its invasion of Ukraine including sanctions against dozens of defense companies, 328 members of the Duma legislative body and the chief executive of Sberbank, the Treasury Department said.

Gold-related transactions involving Russia may be sanctionable by US authorities, the Treasury Department also said in a statement.

The United States will expand its sanctions on Russia in response to the invasion of Ukraine, targeting members of the country’s parliament and the central bank’s gold reserves, the White House announced Thursday.

At the same time, Washington will increase its humanitarian assistance by welcoming 100,000 Ukrainian refugees and providing an additional $1 billion in food, medicine, water and other supplies.

The White House announced the initiatives as US President Joe Biden and world leaders gathered in Brussels for a trio of summits in response to the Russian invasion, seeking new ways to limit the economic and security fallout from the conflict.

Editor Picks