The Department of the Treasury on Sunday unveiled a host of new sanctions against Russian and Belarusian individuals and banks the U.S. believes are “critical to Russia’s ability to wage war against Ukraine.”

The action also included a ban on U.S.-based accounting, management consulting, and trust and corporate formation services to any person located in the Russian Federation.

Aaron Nicodemus is the Editor-in-Chief of Compliance Week. He previously worked as a reporter for Bloomberg Law and as business editor at the Telegram & Gazette in Worcester, Mass. Email: aaron.nicodemus@complianceweek.com LinkedIn:...