US to Impose Full Sanctions on Russia with Allies Starting from the 24th

[Image source=Reuters Yonhap News]

[Asia Economy Reporter Cho Hyun-ui] The U.S. government, along with its allies, will implement comprehensive sanctions against Russia starting on the 24th (local time).

CNN reported this on the same day, citing a senior official from the Joe Biden administration.

Although the official refused to disclose specific details, they stated, "Not only two major Russian financial institutions but also additional financial firms will be included in the sanctions list."

The first round of sanctions against Russia, announced by President Biden on the 22nd, included Russia's largest state-owned bank, the Vnesheconombank (VEB), the military bank Promsvyazbank (PSB), which supports defense industries, and 42 of their subsidiaries.

Five Russians, including close associates of Russian President Vladimir Putin, were also included in the sanctions list. The official said, "With the comprehensive sanctions, additional close associates and family members of President Putin will be added to the sanctions list."

U.S. and European officials are currently discussing the final version of the comprehensive sanctions. The official stated, "President Biden is scheduled to discuss the matter during the G7 virtual summit this morning."

The Biden administration is also closely monitoring cyberattacks on U.S. banks and critical infrastructure, the official added.

This content was produced with the assistance of AI translation services.