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Published 1 month ago

US widens sanctions on Russia to discourage countries such as China from doing business with Moscow

  • The United States expanded sanctions against Russia while G7 leaders prepared for a summit in Italy focused on backing Ukraine and weakening Russia's military.
  • The latest sanctions targeted Chinese companies aiding Russia in Ukraine and raised consequences for foreign financial institutions connected to sanctioned Russian entities.
  • Over 300 new sanctions aimed to deter individuals and companies from China, the United Arab Emirates, and Turkey from assisting Russia in bypassing Western technology bans.
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