US, allies set to ban investments in Russia, sanction banks over Bucha killings

As tensions heighten between the West and Russia over the latter’s military operation in Ukraine, the US and its allies are set to impose fresh sanctions on Russian banks and ban investments in the country.

The move, which was announced on Wednesday, comes after Ukraine and its Western allies, including the US, accused Moscow of committing war crimes in Bucha, a suburb of the Ukrainian capital.

The new sanctions will tighten curbs on state-owned financial institutions and other enterprises in Russia and target the country’s government officials and their families, Reuters said on Tuesday.

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