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The British government has followed Washington’s lead by targeting the country’s energy sector and key financial institutions The UK on Thursday announced wide-ranging new sanctions against Russia targeting the country’s energy sector and financial system. The move follows similar action by the US and comes in coordination with other Group of Seven (G7) nations, according…

A reported $300 billion in Moscow’s forex reserves have been seized as part of Ukraine-related sanctions Moscow will respond with similar measures if Western countries use revenues generated from frozen Russian assets, Finance Minister Anton Siluanov warned on Tuesday in an interview with Asharq TV.