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A Russian armored personnel carrier is driven on a street in Sevastopol, Ukraine’s Black Sea Port that hosts a major Russian navy base Tuesday, Feb. 25, 2014. Tensions were building up in the Crimea, where ethnic Russians who make the majority of the local population are deeply suspicious of the new Ukrainian authorities who replaced fugitive Russia-backed President Viktor Yanukovych.

AP Photo/Andrew Lubimov

  • On the one-year anniversary of Russia's invasion of Ukraine, Western allies hit Russia with new sanctions.
  • The US said Friday that, alongside G-7 partners, it will sanction more than 200 individuals and entities supporting Moscow's war efforts.
  • The US is also raising tariffs on Russian metals, minerals and chemical products.

The US and Western allies announced new sanctions against Russia on Friday, which marked the one-year anniversary of Moscow's invasion of Ukraine.

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Markets, MI Exclusive, Ukraine, Russia, Sanctions, US, G7, russia ukraine war, China, Tariffs, EU, Putin, Moscow, Commodities, metals, US Consumers, financial institutions, Restrictions, Trade, Oil, energy, War, Military
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The West hits Russia with fresh sanctions and raises tariffs on key commodities…