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
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.