U.S. Imposes New Sanctions On Companies Doing Business With Russia—But Isn’t Seizing Russian Assets ...Middle East

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Topline The Biden Administration rolled out another round of sanctions targeting Russia’s military-industrial complex Friday and said it will place banks doing business with Russia under stricter rules, but stopped short of seizing frozen Russian assets—a move Russian officials threatened to break diplomatic ties with the U.S. and Europe over. Russia is facing new sanctions targeting companies that process its goods overseas to circumvent … [+] previous sanctions. getty Key Facts The new sanctions target the “cutouts and front companies” located overseas that the White House says Russia is using to circumvent previous sanctions and fund their war effort in Ukraine. The order targets o

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U.S. Imposes New Sanctions On Companies Doing Business With Russia—But Isn’t Seizing Russian Assets ...Middle East

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