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The Independent UK
The Independent UK
National
Via AP news wire

White House: US, allies to ban new investments in Russia

Copyright 2022 The Associated Press. All rights reserved.

The United States and Western allies plan to pile additional sanctions on Russia on Wednesday after the emergence of troubling new evidence of war crimes in Ukraine, according to the White House. The new penalties will include a ban on all new investment in Russia.

Among the other measures being taken against Russia are greater sanctions on its financial institutions and state-owned enterprises, and sanctions on government officials and their family members, according to White House press secretary Jen Psaki.

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