US plans to impose new export controls, sanctions on Russia

Bloomberg

President Joe Biden’s administration is planning to impose new export controls and a fresh round of sanctions on Russia, targeting key industries a year after Vladimir Putin started his invasion of Ukraine.
The measures will target Russia’s defense and energy sectors,
financial institutions and several individuals, according to people familiar with the matter who spoke on condition of anonymity.
The US and allies are also expected to turn their focus to preventing the evasion and
circumvention of
sanctions — and disrupt support Russia receives from third
countries.
White House National Security Council spokespeople didn’t immediately comment. US and European leaders are settling in for a conflict that may stretch far into the
future, as Ukraine’s allies rush to deliver weaponry that would turn back intensified Russian attacks on the eastern and southern fronts — and enable a Ukrainian counteroffensive in the spring.
As part of the increased efforts, the EU may force banks and other institutions to report sanctioned Russian assets they hold as part a new package of measures the bloc aims to approve next week.