US announces sweeping new Russian sanctions one year into war

Russia’s metals and mining sector is among those targeted in one of the US treasury department’s “most significant sanctions actions to date”, according to the agency.
US announces sweeping new Russian sanctions one year into war
The West’s export controls and financial sanctions appear to be gradually eroding Russia’s industrial capacity (Alexander Zemlianichenko/AP)

The US has announced a new round of sanctions on Russian firms, banks, manufacturers and people, aiming them at entities that helped Russia evade sanctions earlier in the year-long war against Ukraine.

Russia’s metals and mining sector is among those targeted in one of the US treasury department’s “most significant sanctions actions to date”, according to the agency.

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