More US sanctions against Russia target banks, defense firms and oil

The new US sanctions against Russia, following  EU economic penalties, for the first time targeted Russia’s Sherbank, dealings with Rostec, a big Russian technology and defense conglomerate, and five state-owned defense technology firms: OAO Dolgoprudny Research Production Enterprise, Mytishchinski Mashinostroitelny Zavod OAO, Kalinin Machine Plant JSC, Almaz-Antey GSKB, and JSC NIIP. Oil industry sanctions will affect the exploration and production of Russian deepwater, Arctic offshore and shale projects by five Russian energy companies: Gazprom, Gazprom Neft, Lukoil, Surgutneftegas and Rosneft.

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