The United States and its allies announce new sanctions against Russian bank executives, state media and military officials

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The United States and its allies announced a series of new sanctions against Russia on Sunday, targeting 2,600 Russian military officials, executives of the Russian bank Gazpombank, state media and other individuals and companies that the West considered responsible or complicit in Putin’s invasion of Ukraine.

President Biden and other G-7 leaders met with Ukrainian President Volodymyr Zelenskyy on Sunday and also promised to gradually reduce their dependence on Russian oil.

“We will ensure that we do this in a timely and orderly manner, and in a way that gives the world time to source alternative supplies,” the leaders of the United States, Britain, Canada, the United States said. Germany, France, Italy and Japan. a joint statement.

More than two dozen executives of Gazpombank, which facilitates sales of Russian energy giant Gazprom, have been hit with sanctions. The natural gas producer said on Sunday it was still supplying natural gas to European consumers through Ukraine.

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A new ban on U.S. accounting and consulting firms doing business in Russia aims to prevent Russian oligarchs from evading sanctions and “generating revenue for Putin’s war machine”, the White House has said.

“Preventing Russia from accessing valuable professional services from the United States increases pressure on the Kremlin and cuts off its ability to evade sanctions imposed by the United States and our partners,” Treasury Secretary Janet Yellen said in a statement. communicated.

A worker cycles to the BP Ruhr Oil oil refinery in Gelsenkirchen, Germany, Monday, March 28, 2022.
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A worker cycles to the BP Ruhr Oil oil refinery in Gelsenkirchen, Germany, Monday, March 28, 2022.
(AP Photo/Martin Meissner, file)

Visa restrictions have been imposed on approximately 2,600 Russian and Belarusian military leaders and other officials who were involved in the invasion of Ukraine.

Three of Russia’s most popular TV channels – Joint Stock Company Channel One Russia, Television Station Russia-1 and Joint Stock Company NTV Broadcasting Company – were also cut off from Western advertising as part of sanctions announced on Sunday.

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As the United States and its allies continue to increase pressure on the Russian economy through sanctions, the Biden administration also announced this weekend an additional $150 million security assistance package. dollars to Ukraine, which will include 25,000 155mm artillery shells, 3 AN/TPQ-36 radar counter-artillery and other military equipment.

Russian President Vladimir Putin meets his Belarusian counterpart Alexander Lukashenko in the Moscow Kremlin on March 11.

Russian President Vladimir Putin meets his Belarusian counterpart Alexander Lukashenko in the Moscow Kremlin on March 11.
(MIKHAIL KLIMENTYEV/SPUTNIK/AFP via Getty Images)

President Biden is urging Congress to also approve the $33 billion in military and economic aid to Ukraine he requested this week.

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The new round of sanctions comes ahead of Russia’s Victory Day on May 9, when the country celebrates the defeat of Nazi Germany and the end of World War II.

Reuters contributed to this report.

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