The United States imposed sanctions on over 400 entities and individuals on Friday, targeting those supporting Russia’s war efforts in Ukraine, the State Department announced.
The new sanctions reflect Washington’s ongoing efforts to restrict Russia’s access to critical technologies and disrupt its military-industrial complex, the State Department said.
The sanctions extend to Chinese companies involved in shipping machine tools and microelectronics to Russia, according to a State Department fact sheet detailing the actions against 190 targets.
The U.S. Treasury Department also sanctioned transnational networks accused of procuring ammunition and other materials for Russia, aiding Russian oligarchs in evading sanctions, and laundering gold for a sanctioned company.
The sanctions extend to Chinese companies involved in shipping machine tools and microelectronics to Russia, according to a State Department fact sheet detailing the actions against 190 targets.
The U.S. Treasury Department also sanctioned transnational networks accused of procuring ammunition and other materials for Russia, aiding Russian oligarchs in evading sanctions, and laundering gold for a sanctioned company.
“Russia has turned its economy into a tool in service of the Kremlin’s military industrial complex. Companies, financial institutions, and governments around the world need to ensure they are not supporting Russia’s military-industrial supply chains,” Deputy Treasury Secretary Wally Adeyemo said.
In addition to these measures, the Biden administration added 123 entities to its export control list, requiring suppliers to obtain licenses before shipping to these entities. The list includes 63 entities in Russia and 42 in China.
Russia’s embassy in Washington did not immediately comment on the sanctions when asked to do so by Reuters. The sanctions follow a series of U.S. economic measures imposed after Russia’s 2022 invasion of Ukraine.
The war recently escalated further when Ukraine launched a counteroffensive into Russia’s western Kursk region on August 6. Despite some battlefield successes for Kyiv, Russian forces continue to advance in eastern Ukraine.
The U.S. Treasury also sanctioned Russian financial technology, securities, and real estate lending firms, while the State Department targeted Russia’s energy sector and companies in Turkey, the UAE, and Central Asia that are believed to be helping Russia evade sanctions.
“Today’s actions hit Russia where it hurts - degrading its ability to generate revenue through its energy projects and disrupting its acquisition of materiel to supply its war machine,” said Aaron Forsberg, the State Department’s director for economic sanctions policy and implementation.
Among the targeted entities is China’s Dalian Machine Tool Group, accused of supplying $4 million worth of dual-use items to Russian companies. The Treasury also sanctioned over 20 firms based in Hong Kong and China that are allegedly supporting Russia’s military-industrial base.
China has denied providing weapons to Russia and defends what it calls normal trade relations between the two countries.
The latest U.S. sanctions also target companies supplying components for Russia’s Orlan drones used in Ukraine and aim to disrupt future energy projects in Russia, including the $21 billion Arctic LNG 2 project, Reuters reported.
The sanctions also target UAE-based White Fox Ship Management, accused of acquiring tankers to ship liquefied natural gas (LNG) for Russia.
In addition to these measures, the Biden administration added 123 entities to its export control list, requiring suppliers to obtain licenses before shipping to these entities. The list includes 63 entities in Russia and 42 in China.
Russia’s embassy in Washington did not immediately comment on the sanctions when asked to do so by Reuters. The sanctions follow a series of U.S. economic measures imposed after Russia’s 2022 invasion of Ukraine.
Escalation
The war recently escalated further when Ukraine launched a counteroffensive into Russia’s western Kursk region on August 6. Despite some battlefield successes for Kyiv, Russian forces continue to advance in eastern Ukraine.
The U.S. Treasury also sanctioned Russian financial technology, securities, and real estate lending firms, while the State Department targeted Russia’s energy sector and companies in Turkey, the UAE, and Central Asia that are believed to be helping Russia evade sanctions.
“Today’s actions hit Russia where it hurts - degrading its ability to generate revenue through its energy projects and disrupting its acquisition of materiel to supply its war machine,” said Aaron Forsberg, the State Department’s director for economic sanctions policy and implementation.
Chinese entities
Among the targeted entities is China’s Dalian Machine Tool Group, accused of supplying $4 million worth of dual-use items to Russian companies. The Treasury also sanctioned over 20 firms based in Hong Kong and China that are allegedly supporting Russia’s military-industrial base.
China has denied providing weapons to Russia and defends what it calls normal trade relations between the two countries.
The latest U.S. sanctions also target companies supplying components for Russia’s Orlan drones used in Ukraine and aim to disrupt future energy projects in Russia, including the $21 billion Arctic LNG 2 project, Reuters reported.
The sanctions also target UAE-based White Fox Ship Management, accused of acquiring tankers to ship liquefied natural gas (LNG) for Russia.
Source: Reuters
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