US imposes new sanctions on Russia after Vladimir Putin annexes four regions of Ukraine. Details here

Hundreds of persons and organisations, including those involved in Russia's military-industrial complex and parliamentarians, were the targets of the broad-ranging sanctions that the US imposed on Russia in response to Moscow's declaration of annexation of parts of Ukraine.

Washington took action after Vladimir Putin announced on Friday that 15 per cent of Ukraine's land had been captured by Russian forces, marking the largest annexation in Europe since World War II.




The most recent restrictions are an addition to broad measures already enacted by the US and its allies this year that have severely harmed Russia's domestic and international trade. The primary source of hard cash in Russia, the energy sector, is left out. However, the Russian embassy didn't immediately answer an inquiry for a response.

President of Russia Vladimir Putin attacked the West as neocolonial and Satanist in a speech on Friday, and Ukraine announced it would expedite its application to join NATO, the Western military alliance dominated by the US.

The Treasury and Commerce departments issued guidelines warning that sanctions were more likely to be imposed on individuals and organizations outside of Russia who help Moscow politically, economically, or materially.

FAQs

Who are the targets of the new US sanctions?
Alexander Novak, the deputy prime minister, 109 State Duma members, the Federation Council of the Federal Assembly of Russia and 169 members, and Elvira Nabiullina, the governor of the Central Bank of Russia, were all named as targets of U.S. sanctions.

How do the sanctions affect the designated people?
Treasury sanctions typically prohibit Americans from engaging with persons who have been designated and freeze their US assets.