U.S. and allies to hit Russia with new sanctions in response to atrocities in Ukraine
CBSN
Washington — The U.S. is poised to announce Wednesday a new sanctions package against Russia in response to reported atrocities around Ukraine's capital city of Kyiv, sources familiar with the forthcoming penalties confirmed to CBS News.
The additional sanctions will be announced in coordination with the Group of 7 and European Union and are designed to impose "significant costs" on Russia for its brutalities in Ukraine, the sources said. The measures will include a ban on all new investment in Russia, increased sanctions on financial institutions and state-owned enterprises, and sanctions on Russian government officials and members of their families.
The measures are intended to "degrade key instruments on Russian state power" and impose swift economic harm on Russia, according to the sources.
