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U.S. Hits Russian Lawmakers, Defense Sector With New Sanctions

  • Move includes penalties on more than 400 individuals, entities
  • Putin adviser Herman Gref among sanctioned individuals
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WATCH: President Biden says the U.S. and its allies are pledging billions of dollars in humanitarian aid for Ukraine as well as new sanctions against Russia.Source: Bloomberg
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The U.S. announced a new package of sanctions on Russian elites, lawmakers and defense companies, punishments designed to ramp up pressure on Moscow over its invasion of Ukraine. 

The measures announced Thursday during summit meetings between President Joe Biden and NATO, as well as the Group of Seven, will be followed by others to reduce Europe’s reliance on Russian oil and gas -- the lifeblood of the nation’s economy, according to senior administration officials.