US announces sweeping new Russia sanctions 1 year into war

By FATIMA HUSSEIN
Associated Press

WASHINGTON (AP) — The U.S. has announced a new round of sanctions on Russian firms, banks, manufacturers and people. The package is aimed at entities that helped Russia evade sanctions earlier in the year-old war against Ukraine. Russia’s metals and mining sector is among those targeted in one of the U.S. Treasury Department’s “most significant sanctions actions to date,” according to the agency. The action was taken Friday in coordination with Group of Seven allies. It seeks to punish 250 people and firms, puts financial blocks on banks, arms dealers and technology companies tied to weapons production, and goes after alleged sanctions evaders in countries from the United Arab Emirates to Switzerland.