The G7 countries have introduced new sanctions against Russia.

Monday, May 22, 2023
The G7 countries have introduced new sanctions against Russia.

On May 19, the US announced a new large-scale package of sanctions, which includes more than 300 companies, individuals, ships, and aircraft. The purpose of these restrictions is to make it impossible for the Russian Federation to circumvent sanctions.

The Canadian government has imposed sanctions against members of the Kremlin elite, defense companies and organizations, and individuals involved in the deportation of Ukrainian children to Russia.

Australia also introduced new financial sanctions against 21 organizations and three individuals, including Rosneft, subsidiaries of Rosatom, and banks operating in the Russian Federation.

The UK announced a new package of sanctions, including 86 companies and individuals. The sanctions will affect the Russian economy’s energy, metallurgical, military, transport, and financial sectors. In addition, British Prime Minister Rishi Sunak announced a ban on importing Russian diamonds, copper, aluminum, and nickel.

As part of strengthening sanctions, the Japanese authorities will ban providing services in the construction and engineering industries to Russia. Tokyo will also add 100 people to the sanctions list for circumventing the sanctions and ban the supply of goods to approximately 80 organizations associated with the Russian military.

Support independent journalism team

Dear Ukraine Business News reader, we are a team of 20 Ukrainian journalists, researchers, reporters and editors who would humbly ask for your support.

Previous post
After meeting with Zelenskyy, Biden announced a $375M military aid package.

After meeting with Zelenskyy, Biden announced a $375M military aid package.

Next post
The new package of EU sanctions will affect 90 companies worldwide, and the G7 has targeted Russian diamonds.

The new package of EU sanctions will affect 90 companies worldwide, and the G7 has targeted Russian diamonds.

Previous Main Topics