U.S. & Allies Will Impose New Sanctions On Russia

WASHINGTON (AP) – The U.S. and its European allies will impose stiff new sanctions, including a ban on new investments in Russia on Wednesday in retaliation for Russia’s “war crimes” in Ukraine, according to the White House. The joint action also will include toughened sanctions on Russia’s financial institutions and government-owned enterprises, and more sanctions on Russian government officials and their family members. The White House said the sanctions were intended to further Russia’s economic, financial and technological “isolation” from the rest of the world as a penalty for its attacks on civilians in Ukraine.