By Jenny Park
In their latest
response to Russia’s military intervention in Ukraine, the EU and US adopted
new sanctions against Russia. The new sanctions punish senior Russian officials
through Western asset freezes and travel bans. Additionally, the sanctions
target major Russian banks, defense and energy corporations through
restrictions of loan-terms, exports, and arms deals. Observers note that the
sanctions will potentially exacerbate Russia’s already slumped economy.
BBC details the
potential effects of these new sanctions.
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