New economic sanctions are approaching. The United States will adopt this Wednesday, April 6, in coordination with the European Union and the G7, new sanctions against Russia aimed in particular at prohibiting “any new investment” in this countrysaid a source familiar with the matter.
These punitive measures, imposed in response to theinvasion of Ukraine by Moscow, should also include “enhanced sanctions against financial institutions and public companies in Russia, and sanctions against Russian government officials and their relatives”, adds the same source. According to it, the objective is “to damage key instruments of the Russian state apparatus” and “to cause immediate and acute economic damage”.
Under many Western sanctions, Putin-led country’s economy could contract ‘15% or more’ in 2022, according to the Americans. For its part, the European Union is also planning to toughen its sanctions against Russia. The European Commission has proposed stopping the purchase of Russian coal and wants to close European ports to Russian ships.
