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U.S., allies to ban investments in Russia, sanction banks on Wednesday - Psaki

US Materials 6 April 2022 03:36 (UTC +04:00)
U.S., allies to ban investments in Russia, sanction banks on Wednesday - Psaki

The United States and its allies will on Wednesday impose new sanctions on Russian banks and officials and ban new investment in Russia, the White House said, Trend reports citing Reuters.

The sanctions will increase curbs on financial institutions and state-owned enterprises in Russia and target Russian government officials and their families, White House press secretary Jen Psaki told reporters on Tuesday.

"Tomorrow, what we're going to announce... in coordination with the G7 and EU, (is) an additional sweeping package of sanctions measures that will impose costs on Russia and send it further down the road of economic, financial and technological isolation," Psaki said, noting that the G7 and EU comprised around 50% of the global economy.

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