US working on sanctions responding to Russia annexation plans in Ukraine

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They will include penalties on individuals and entities inside and outside of Russia that support annexation. Read more at straitstimes.com.

The United States has imposed several tranches of sanctions targeting Moscow following Russia's invasion of Ukraine in February, which has reduced cities to rubble and killed or wounded thousands.

But senators pressed O'Brien and Elizabeth Rosenberg, Treasury assistant secretary for terrorist financing and financial crimes, on US sanctions on Russia's energy sector. While India's purchases have been at discounts, the heavy volumes have been helping Moscow's economy. The United States and other G-7 countries hope India will join a plan to place a price cap on Russian oil by December to further decrease Moscow's revenues from oil exports, which help fund its war machine.

 

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