US announces new sanctions, G7 to phase out Russian oil imports
Image Credit: Pxhere and Wikimedia Commons
The US on Sunday announced new sanctions on Russia, targeting management consultancies and accounting services and media outlets funded directly or indirectly by the state. Also, among the new curbs, were export controls on equipment and machinery such as bulldozers. The announcement followed an agreement between G-7 countries to further "ratchet up" costs on Russia by collectively taking further measures.