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G7 sanctions to target key industries helping Russia's war: White House

This would be the largest layoff in the industry. Analysts predict that North America would likely be worst affected

White House

Bloomberg Stockholm
The US and other Group of Seven (G7) nations will impose new export controls and a fresh round of sanctions on Russia, a year after President Vladimir Putin invaded Ukraine, the White House said. 

The measures will single out Russia’s defence and energy industries, financial institutions and more than 200 people.The US and its allies are expected to crack down on sanctions evasion and to put additional pressure on third countries to choose between the US and Russia.

Nearly 90 firms in Russia, China and other countries will be placed on the Commerce Department’s entity list for sanctions evasion. Additional curbs will

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Feb 24 2023 | 11:52 PM IST

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