U.S. announces new sanctions against Russia, targeting investments, banks, Putin’s daughters  (NTD)

NTD published an article stating that the United States, the Group of Seven allies, and the European Union are readying a round of measures that “will continue to impose severe and immediate economic costs” on Russia for what it described as “atrocities in Ukraine, including in Bucha.” Russia’s Foreign Minister Sergey Lavrov said the sanctions against Russia were “dealing a heavy blow” to the global economy, hurting countries that buy goods such as agricultural produce and fertilizer from Russia. Experts have raised the alarm about surging food prices in the context of the Russia–Ukraine conflict, which is poised to hit the world’s poorest nations the hardest. According to IFPRI (see the blog post, The Russia-Ukraine war is exacerbating international food price volatility), the fallout from the war was sure to drive food prices higher and “erode food security for hundreds of millions of people.”