The U.S. Department of State and the Department of Treasury have imposed sanctions on more than 120 entities and individuals across more than 20 countries and jurisdictions who are mainly financial facilitators of Russia's war on Ukraine.
Announcing the sanctions, U.S. Secretry Of State Antony Blinken said that more than one year into the invasion of Ukraine, the effects of globally coordinated sanctions have forced Russia to search for alternate routes to finance and fuel its war machine.
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Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.