U.S. targets Russian gold imports, defense industry in new sanctions

FILE PHOTO: Plastic letters arranged to read "Sanctions" are placed in front the flag colors of U.S. and Russia in this illustration taken February 28, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

WASHINGTON (Reuters) - The United States on Tuesday imposed sanctions on over 100 targets and banned the import of new Russian gold, increasing pressure on Russia following its invasion of Ukraine in line with commitments made by the G7 this week.

The U.S. Treasury Department in a statement said it imposed sanctions on 70 entities, many of which it said are critical to Russia's defense industrial base, as well as 29 people in an effort to hinder Russia's ability to develop and deploy weapons and technology used in the invasion of Ukraine.