Washington: The United States and its allies on Thursday imposed fresh sanctions on Russia, targeting dozens of Russian defense companies, members of its parliament, and the chief executive of the country’s largest bank. The U.S. Treasury Department also issued guidance on its website warning that gold-related transactions involving Russia may be sanctionable by U.S. authorities. “Our purpose here is to methodically remove the benefits and privileges Russia once enjoyed as a participant in the international economic order,” a senior administration official said.
