Latest U.S. sanctions aim to block Russian access to revenue and battlefield supplies
Published: July 21, 2023 at 10:17 pm ET
WASHINGTON (AP) – The United States on Thursday imposed sanctions on some 120 companies and individuals from Russia to the United Arab Emirates to Kyrgyzstan in a bid to bar Moscow from accessing products, money and financial channels supporting its invasion of Ukraine.
The sanctions imposed by the finance and foreign ministries target dozens of Russian mining, technology and munitions companies, as well as commercial banks. In addition, a group of Kyrgyz electronics companies and their leadership were targeted as exporters…
WASHINGTON (AP) – The United States on Thursday imposed sanctions on some 120 companies and individuals from Russia to the United Arab Emirates to Kyrgyzstan in a bid to bar Moscow from accessing products, money and financial channels supporting its invasion of Ukraine.
The sanctions imposed by the finance and foreign ministries target dozens of Russian mining, technology and munitions companies, as well as commercial banks. In addition, a group of Kyrgyz electronics companies and their leadership as exporters of components and other technology to Russia have been targeted.
A United Arab Emirates-based engineering company that shipped dozens of shipments of electronics to Russia was also hit with sanctions.
The latest sanctions build on those imposed on Russia when the US and other G7 countries launched a wave of global action during a Japan summit in May.
The White House said the latest sanctions are consistent with ongoing efforts to step up sanctions coordination with allies, particularly the European Union and the United Kingdom. Efforts to improve alignment were among the key commitments made during G7 meetings.
“As long as the war continues, we will continue to take such action,” John Kirby, spokesman for the White House National Security Council, told reporters Thursday. “It won’t be the end. And we will continue to explore other sections as appropriate in the future.”
“Since Russia launched its full-scale invasion of Ukraine, the United States, in cooperation with our allies and partners, has taken unprecedented steps to impose costs on Russia and promote accountability to the individuals and organizations supporting its illegal war,” US Secretary of State Antony Blinken said in a statement.
“We will stand by Ukraine for as long as it takes,” he said.
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Also: Russia is under pressure from China and the UN security body to avoid a global food crisis and resume grain shipments from Ukraine
Following the one-year anniversary of the invasion in February, US officials said Russia’s metals and mining sector will be the focus of future sanctions measures and will reduce Russia’s energy revenues by imposing a price cap on Russian oil.
Deputy Finance Minister Wally Adeyemo said Thursday’s measures were “another step in our efforts to limit Russia’s military capabilities, its access to battlefield assets and its economic bottom line.”
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