President Joe Biden (above) and the western allies released a set of sweeping new sanctions on Sunday that target Russian media and bank executives after a call with G7 leaders
* Biden and allies announce a set of sweeping new sanctions on Russian media and bank executives ahead of Putin's 'Victory Day' holiday
* New sanctions cut off Russian-state controlled TV stations from American advertisers and prohibit Russians from using US accounting services
* Announcement came after Ukrainian President Volodymyr Zelensky joined Biden and G7 leaders in a virtual meeting
* During that meeting, G7 leaders agreed to follow the U.S. example and commit to phasing out or banning the import of Russian oil
* Biden and allies working to hit Putin in his pocket book, using financial pressure to try and get him to back down from his invasion of Ukraine
President Joe Biden and the western allies released a set of sweeping new sanctions on Sunday that target Russian media and bank executives, the latest financial crackdown to come in the wake of Vladimir Putin's invasion of the Ukraine and one day ahead of the Russian president's 'Victory Day' holiday.
The announcement came after Ukrainian President Volodymyr Zelensky joined Biden and G7 leaders in a virtual meeting.
That call lasted a little more than an hour, beginning at 11:03 am ET and ended 12:16 pm ET, according to the White House.
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More U.S. And Allied Sanctions Against Russia
U.S. Sanctions Russian TV Stations, Prohibits Accounting Services After G7 Leaders Meet -- RFE
US unveils new sanctions on Russia, targeting services, media and defense industry -- The Guardian
U.S. targets Russian TV stations in new sanctions -- Axios
US to bar Russia from accounting, consulting services in new sanctions package -- The Hill
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