Key Takeaways:
- U.S. imposes additional sanctions on Russian elites, along with their family members, companies, and personal vehicles
- Actions targeting the defense sector and Russian government-affiliated media outlets signal the expansion of U.S. sanctions to new industries
- SWIFT access to be denied to seven Russian banks on March 12, 2022
- New export controls target Belarus and further restrict export of items that use encryption to Russia and Belarus
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