The Treasury Department announced Wednesday that it would increase sanctions on companies and entities involved in Russia's defense industry.
Secretary of State Antony Blinken said: statement The United States said it was targeting more than 150 individuals and entities supporting Russia's military and defense, asserting that the measures would “further constrain Russia's ability to wage war and deter sanctions evasion.”
Specifically, the ministry announced that it had redesignated approximately 100 major companies across Russia's financial, defense, and energy sectors, and imposed sanctions on 15 new companies.
The sanctions affect a wide range of companies around the world, but China in particular is “the largest supplier of dual-purpose goods, supporting Russia's war effort and enabling it to evade sanctions,” the ministry said. There is.
“Together with the G7 and other like-minded partners, we will continue to provide available tools to stop Russia's illegal war against Ukraine,” Blinken said. “We stand in solidarity with the Ukrainian people in defending their homeland from the illegal war chosen by Russia.”
Under the sanctions, companies and entities that do business with parts of Russia's military-industrial complex would also be at risk of penalties. A senior finance ministry official said. Associated Press.
The new entity was classified as a participant in a sanctions evasion scheme established between Russia and China to circumvent current sanctions.
“Today's actions impede the Kremlin's ability to circumvent our sanctions and access the supplies they need to manufacture weapons for their chosen war in Ukraine,” said Deputy Treasury Secretary Wally Adeyemo. ” he said. In a press release. “Today's expansion of mandatory secondary sanctions will reduce Russia's access to revenues and supplies.”
The announcement is just one of many moves the Biden administration has made in recent weeks before the president leaves the White House. This marks the latest decision in President-elect Trump's efforts to boost Ukraine and thwart Russia before he takes office.
According to the Associated Press, lifting sanctions would require notification to Congress, which could make it difficult for the Trump administration to change sanctions without inviting public criticism.
The Biden administration has announced a number of sanctions against allies of Russian President Vladimir Putin, as well as various sectors of the Russian economy, aimed at cutting off sources of funding for the war machine.
