U.S, EU to Hit Russian Investments With New Round of Sanctions
- U.S. to ban Russia investments; EU to ban ships, trucks, coal
- Measures aimed at degrading Kremlin power, U.S. official says
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The U.S., European Union and Group of Seven are coordinating on a fresh round of sanctions on Russia, including a U.S. ban on investment in the country and an EU ban on coal imports, following the discovery of civilian murders and other atrocities in Ukrainian towns abandoned by retreating Russian forces.
The governments plan to increase penalties on Russian financial institutions and state-owned enterprises and will sanction unspecified Russian officials and their family members, said White House Press Secretary Jen Psaki.