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New sanctions issued against Russia by USA, Canada, EU

ANI  |  US 

New financial sanctions have been imposed on by the United States, and the in relation to Russia's annexation of the Crimean Peninsula.

Six Russian individuals and eight companies, which coordinated and provided material support for Russia's actions, have been blocked by the and its "transatlantic partners", The Hill quoted the as saying.

"The and our transatlantic partners will not allow Russia's continued aggression against to go unchecked," said in a statement.

He further said that the "joint initiative" with and the EU "reinforces our shared commitment to impose targeted and meaningful sanctions in response to the Kremlin's attempts to disregard international norms and undermine Ukraine's sovereignty and territorial integrity."

The sanctioned entities are now banned from the US financial system as well as from accessing US-based assets.

has previously supported against

There are three types of The first restricts access to Western financial markets and services for designated Russian state-owned enterprises in the banking, energy, and defence sectors. The second places an embargo on exports to of designated high-technology and production equipment. The third is an embargo on exports to Russia of designated military and dual-use goods.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, March 16 2019. 12:18 IST