US to add more sanctions against Russia

 Fox Business:

President Biden's administration is set to announce a slew of sanctions against Russia on Wednesday as the country's invasion of Ukraine continues.

The White House is expected to roll out aggressive sanctions on U.S. companies doing business in Russia or with organizations or individuals directly linked to the state. The policy will likely end all new attempts at investment in the country moving forward. Russian financial institutions such as the national bank and state-run businesses will be hit hard as well.

"This will include a ban on all new investment in Russia, increased sanctions on financial institutions and state owned enterprises in Russia, and sanctions on Russian government officials and their family members," a source familiar with the proposed sanctions told FOX Business.

"These measures will degrade key instruments of Russian state power, impose acute and immediate economic harm on Russia, and hold accountable the Russian kleptocracy that funds and supports Putin’s war," the source said. "These measures will be taken in lock step with our allies and partners, demonstrating our resolve and unity in imposing unprecedented costs on Russia for its war against Ukraine."
...

The Russian economy is already in shock, but Putin is bitterly clinging to his unprovoked war against Ukraine.  The Russians are also being hit with allegations of war crimes. 

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