Western governments are preparing tougher sanctions against Russia as Ukraine documents and investigates killings of civilians.
WASHINGTON -- The U.S. on Wednesday announced a new wave of punishing"war crimes" sanctions on Russia that President Joe Biden said would cramp the country's economy for years to come. The U.K. quickly followed suit, and more pain was coming from the European Union as the West tightens the economic screws on Vladimir Putin.
The European Union was also expected to soon take additional steps, including a ban on new investment in Russia and an embargo on coal, after the recent evidence of atrocities emerging in the wake of the retreat by Russian forces from the town of Bucha. Biden was expected to sign an an executive order that would ban new investment in Russia by Americans no matter where they are living. The U.S. Treasury Department was preparing more sanctions against Russian state-owned enterprises, according to the White House.
Britain has not ended imports of Russian natural gas, which accounts for 4% of its supply, saying only that it will do so"as soon as possible." "A billion euro is what we pay Putin every day for the energy he provides us since the beginning of the war. We have given him 35 billion euro. Compare that to the one billion that we have given to the Ukraine in arms and weapons," Borrell said.
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