US President Joe Biden signed an executive order on Friday authorizing the Treasury Department to impose new sanctions that would cut off foreign financial institutions working with Russia from those operating in the US, according to a press statement by US Secretary of State Antony Blinken.

The United States has slapped illegal sanctions on a number of international companies saying they are involved in Iran's petrochemical and petroleum trade, including some firms based in China. US Secretary of State Antony Blinken in a statement on Thursday warned of further actions to enforce its economic curbs on Tehran. Blinken said the US ...