New Measures to Degrade Russia’s International Supply Chains and Wartime Economy
The United States is building on its unprecedented sanctions campaign and imposing new costs on those supporting Russia’s war against Ukraine and its attempts to deny Ukraine’s unique cultural identity. Today, one day ahead of the celebration of Ukrainian Independence Day, the United States is designating nearly 400 entities and individuals.
As part of today’s actions, the Department of State is targeting those involved in sanctions evasion and circumvention, including entities in the People’s Republic of China and those that support Russia’s future energy production and exports.
We are also imposing sanctions on entities and individuals in both Russia and Belarus involved in the production of armed unmanned aerial vehicles, missiles, fighter aircraft, armored vehicles, defense electronics, and munitions that are being used to fuel Russia’s war effort. We are also continuing to sanction those involved in the attempted ‘Russification’ and ‘re-education’ of Ukraine’s children.
Concurrently, the Department of the Treasury is targeting those facilitating support for Russia’s military-industrial base, designating those involved in sanctions evasion on behalf of Russian oligarchs and malign cyber actors, and disrupting certain software and IT solutions essential to Russia’s financial sector. Finally, the Department of Commerce is adding more than a hundred entries, including shell companies, to the Entity List for shipping U.S.-origin items to Russia in contravention of U.S. export controls.
We will continue to use all available tools to hinder Russia’s use of the international financial system to wage its war of aggression and ensure Putin’s invasion ends in strategic failure.
The Department of State and Department of the Treasury sanctions actions were taken pursuant to Executive Order 14024, “Blocking Property With Respect To Specified Harmful Foreign Activities of the Government of the Russian Federation”, as amended. For more information on today’s actions, please see the Department of State’s fact sheet, the Department of the Treasury’s press release , and the Department of Commerce’s press release .
Official news published at https://www.state.gov/new-measures-to-degrade-russias-international-supply-chains-and-wartime-economy/
Politics - JISIP NEWS originally published at Politics - JISIP NEWS
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