The Biden administration will announce new sanctions Wednesday in coordination with G7 nations and the European Union in response to Russian forces committing war crimes in Ukraine. There will also be a ban on all new investment in Russia, reports quoting an administration official say.
The next round of US sanctions will target Russian government officials, their family members, Russian-owned financial institutions and state-owned enterprises, White House press secretary Jen Psaki said at a news conference.
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Political News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.