US Unveils Sweeping Sanctions Targeting Russia Over Ukraine War

The US Treasury Department and State Department unveiled more than 300 new sanctions targeting Russia over its war in Ukraine (Credit: AFP)

The United States announced a raft of sanctions Wednesday aimed at constraining Moscow's war in Ukraine while raising the stakes for foreign banks that still deal with Russia, ahead of G7 leaders' talks this week.

The Treasury Department and State Department's sanctions hit more than 300 targets, including entities in Russia and in countries like China, Turkey and the United Arab Emirates.