New Delhi, Oct. 25 -- The United States is planning additional sanctions on Russia if President Vladimir Putin prolongs the war on Ukraine. A US official said that the additional sanctions on Russia have been prepared to target key areas of the Russian economy and this time, Russian banks and oil infrastructure are the targets.

US officials have also indicated to their European counterparts that they back the EU using frozen Russian assets to purchase US weapons for Kyiv, and Washington has also begun internal discussions on using Russian assets held in the US to support Ukraine's war effort, according to two officials Reuters quoted.

Earlier on Wednesday, October 22, the Trump administration imposed sanctions on two major Russian oil c...