US unveils latest sanctions targeting Russia

By Jennifer Hansler, CNN

The United States on Wednesday unveiled its latest round of sanctions going after Russia over its war on Ukraine, this time targeting a key commercial bank and “a global network of more than 40 individuals and entities led by U.S.-designated Russian oligarch Konstantin Malofeyev.”

In a news release, the US Treasury Department said it was also targeting “companies operating in Russia’s virtual currency mining industry, reportedly the third largest in the world,” noting it was the first time it has “designated a virtual currency mining company.”

In addition, the State Department is imposing visa restrictions “on 635 Russian nationals who are involved in suppressing dissent in Russia and abroad, who have been involved in activities that threaten the territorial integrity of Ukraine, and who have been involved in human rights abuses in prison facilities and places of unofficial detention in Russia-controlled areas of the Donbas region of Ukraine,” as well as three Russian officials “for involvement in gross violations of human rights, and on 17 individuals responsible for undermining democracy in Belarus,” according to the Treasury.

This story is breaking and will be updated.

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