US expands sanctions on Russia, targeting firms aiding Putin’s war effort
The United States expanded its sanctions against Russia on Wednesday as G7 leaders prepared to gather in Italy for a summit. The primary focus of the summit is to boost support for Ukraine and further debilitate Russia’s military capabilities. New sanctions target foreign entitiesThe latest sanctions package targets Chinese companies that aid Russia’s war effort in Ukraine and raises the stakes for foreign financial institutions doing business with sanctioned Russian entities. This move underscores the dynamic nature of sanctions, as noted by Aaron Forsberg, the State Department’s Director for...