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US imposes sanctions on state-owned Russian defence enterprises

Speaking on the sidelines of a G7 summit in southern Germany, the official said Washington will implement a higher tariff rate on more than 570 groups of Russian products worth approximately $2.3 billion.

Reuters WORLD
Published June 27,2022
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The United States is imposing sanctions on state-owned Russian defence enterprises in order to "limit Russia's ability to replace the military equipment it has already lost during the brutal war against Ukraine," a senior White House official says.

Speaking on the sidelines of a G7 summit in southern Germany, the official said Washington will implement a higher tariff rate on more than 570 groups of Russian products worth approximately $2.3 billion.

US President Joe Biden and his fellow G7 leaders would seek authority to put any revenues derived from tariffs on Russian goods towards the Ukrainian war effort, he said.