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Bloomberg: US, EU, G7 to ban all new investments in Russia.

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The new round of sanctions could include a U.S. ban on all new investments in Russia, according to an undisclosed Bloomberg source from the Biden administration. Bloomberg writes that the U.S. is planning to increase penalties on Russian financial institutions and state-owned enterprises.

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We are the news team of the Kyiv Independent. We are here to make sure our readers get quick, essential updates about the events in Ukraine. Feel free to contact us via email with feedback and news alerts.

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Russia failed to break Ukraine’s army on the battlefield, and now it’s trying to do it through a peace plan that would cap Ukraine’s forces at 600,000. Some argue that Ukraine would shrink its army — currently estimated at about 800,000 — after the war anyway.

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