Russia-Ukraine War (April 5): US, Allies to Ban Investments in Russia, Sanction Banks on Wednesday

Russia-Ukraine War (April 5): US, Allies to Ban Investments in Russia, Sanction Banks on Wednesday
President Joe Biden looks on as he attends a North Atlantic Council meeting during an extraordinary summit at NATO Headquarters in Brussels on March 24, 2022. Evelyn Hockstein/Pool/AFP via Getty Images
Epoch Times Staff
Updated:
The latest on the Russia–Ukraine crisis, April 5. Click here for updates from April 4.

US, Allies to Ban Investments in Russia, Sanction Banks on Wednesday

The United States and its allies will on Wednesday impose new sanctions on Russian banks and officials and ban new investment in Russia, the White House said, after officials in Washington and Kyiv accused Moscow of committing war crimes in the Ukrainian town of Bucha.

The sanctions will increase curbs on financial institutions and state-owned enterprises in Russia and target Russian government officials and their families, White House press secretary Jen Psaki told reporters on Tuesday.