US Imposes New Sanctions to Hamper Russia’s Military
US officials announced fresh sanctions aimed at crippling Russia’s military and industrial capabilities, punishing companies aiding Putin’s Ukraine war.
Sanctions Targeting Entities Globally
In a sweeping package, the US Treasury Department targeted nearly 300 entities in Russia, China, and other countries accused of supporting President Vladimir Putin’s invasion.
Consequences for Supporting Russia’s War
Treasury Secretary Janet Yellen stated, “Treasury has consistently warned that companies will face significant consequences for providing material support for Russia’s war.”
Disrupting Russia’s Military Industrial Base
Yellen added, “Today’s actions will further disrupt and degrade Russia’s war efforts by going after its military industrial base and the evasion networks that help supply it.”
Support for Ukraine
The latest wave of sanctions followed President Joe Biden’s approval of new funding for Ukraine to bolster its resistance against Russian advances.
State Department Measures
As part of the measures, the State Department blacklisted additional individuals and companies involved in Moscow’s energy, mining, and metals sectors.
Targeting Entities Enabling Russia
The sanctions hit almost 300 targets, including actors enabling Russia to acquire technology and equipment from abroad, some based in countries like China.
Concerns Over International Security
The US and its partners are particularly concerned about entities providing critical inputs to Russia’s military-industrial base, posing a significant threat to international security.
Global Reach of Sanctions
Non-Russian entities targeted were located in countries such as Azerbaijan, Belgium, Slovakia, Turkey, and the United Arab Emirates, enabling Russia to acquire technology and equipment from abroad.