U.S. targets Russian bank executives, state-controlled media in latest round of sanctions

Washington — The U.S. on Sunday levied new sanctions against Russian elites and its largest state-controlled television stations as part of continued efforts to impose costs on Moscow for its war in Ukraine.

The latest round of sanctions from the U.S., European Union and Group of 7 were announced after President Biden and G7 leaders convened a virtual meeting, which Ukrainian President Volodymyr Zelenskyy also joined, to "reinforce our shared commitment to strengthen Ukraine's position on the battlefield and at the negotiating table," according to the White House.

"The G7 and Ukraine stand united in this difficult time and in their quest to ensure Ukraine's democratic, prosperous future. We remain united in our resolve that President Putin must not win his war against Ukraine," G7 leaders said in a statement following the meeting. "We owe it to the memory of all those who fought for freedom in the Second World War, to continue fighting for it today, for the people of Ukraine, Europe and the global community."