The United States will adopt on Wednesday, in coordination with the European Union and the G7, new sanctions against Russia, such as prohibiting “any new investment” in that country, according to a source close to the matter.
These measures in response to the Russian invasion of Ukraine will also include “further sanctions against financial institutions and public companies in Russia, and sanctions on Russian government officials and their relatives“, this source told AFP.
— AFP News Agency (@AFP) April 5, 2022
The informant assured that these decisions, which are added to a battery of measures taken since the beginning of the Russian invasion of Ukraine on February 24th, “would damage key instruments of the Russian state apparatus” and “would cause immediate and acute economic damage“.
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This US source said that the Russian economy will decline “15% or more” in 2022 due to the effect of the war in Ukraine and Western sanctions, a recession of unprecedented severity that will erase “the economic progress made in the last 15 years for Russia“.