The British Foreign Secretary, Liz Truss, announced that she is coordinating with G7 partners to implement additional measures targeting Russian banks. This information was reported by DEA Novosti. In a public statement, Truss affirmed that she is collaborating with allied governments to impose sanctions on more banks tied to Russia, signaling a broadening of the Western financial pressure campaign.
Beyond targeting the Russian banking sector, the foreign secretary indicated ongoing negotiations within the G7 to set terms that would curb Russia’s energy exports. The discussions aim to reduce or halt imports of oil, gas, and coal from Russia, a move designed to disrupt the Kremlin’s revenue streams and tighten the economic squeeze on Moscow. The negotiations reflect a coordinated approach among major economies to align policies on strategic commodities and enforce restrictive measures.
Truss urged the G7 partners to intensify pressure by closing ports to Russian vessels and to consider measures that would remove Russian gold from the reach of Vladimir Putin and his administration. This push underscores the priority of disrupting both the financial and material assets that sustain Russia’s international activities during the ongoing conflict, as reported by multiple outlets with attribution to official briefings and statements (Source: Intergovernmental communications, 2024; attributed to UK Government press materials).
Meanwhile, the United States moved forward with a sweeping decree designed to isolate the Russian economy further. The order prohibits new investments and restricts the provision of a wide range of services to persons located in the Russian Federation. The directive authorizes the Treasury Department, in coordination with other relevant ministries, to determine which services are restricted and to enforce these prohibitions on a global scale.
Under the decree, U.S. entities and individuals are barred from engaging in new investments in Russia, regardless of location, reinforcing the administration’s intent to limit Moscow’s access to capital. The implementation details specify that the export, re-export, sale, or supply of selected services by any person, in the United States or anywhere else, can be curtailed if directed by the Secretary of the Treasury in consultation with designated state authorities. The order also extends to prohibiting new service-related activities by U.S. actors within Russia and beyond its borders, aligning with broader sanctions policy aimed at constraining Russia’s economic and strategic capabilities (Source: U.S. Treasury and White House briefings, 2024; formal announcement cited in official channels).