Overview

• The sanctions target over 300 entities and individuals, including Chinese companies supplying semiconductors to Russia.
• The US Treasury has expanded its secondary sanctions to include more foreign financial institutions dealing with sanctioned Russian entities.
• Russian officials, including Dmitry Medvedev, have called for retaliatory actions against the West.
• The sanctions also focus on restricting Russia's use of US software and IT services.
• G7 leaders are set to discuss further support for Ukraine and strategies to enforce the new sanctions.