America intends to ban investment in Russia

Media reports said that the administration of US President Joe Biden will announce later today, Wednesday, the imposition of a new package of sanctions on Russia, in coordination with the Group of Seven major industrialized countries and the European Union, in response to the Russian military forces committing war crimes in Ukraine.

The reports quoted a US administration official as saying that the sanctions would include a ban on all new investments in Russia.

For her part, European Commission President Ursula von der Leyen told the European Parliament today that the European Union intends to impose additional sanctions on Russia and may include the oil and natural gas sectors.

The European Commission is proposing a ban on Russian coal exports to the European Union, while the ambassadors of the European Union member states are holding a meeting to discuss a new sanctions package on Russia.

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