The United States escalated its sanctions against over 400 entities and individuals on Friday, targeting those involved in supporting Russia's military campaign in Ukraine. Among those sanctioned are Chinese companies accused of helping Moscow bypass Western sanctions and bolster its military capabilities.
The U.S. State Department highlighted that these sanctions are part of ongoing efforts to restrict Russia's access to crucial technologies and resources. Friday's actions included sanctions against companies in China that are allegedly involved in shipping machine tools and microelectronics to Russia, further tightening the grip on Moscow's defense industrial base.
Deputy Treasury Secretary Wally Adeyemo emphasized the seriousness of the situation, stating, "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."
The Biden administration also expanded the U.S. export control list, adding 123 entities that now require licenses before suppliers can ship products to them. Among these were 63 entities in Russia and 42 in China, reinforcing the U.S.'s stance against any foreign involvement in Russia's military buildup.
Ukrainian President Volodymyr Zelenskiy expressed gratitude to the U.S. for the "additional strong sanctions," asserting that they would further weaken Russia's capacity to "wage an aggressive war against Ukraine." He called for continuous pressure on Russia as long as its aggression persists.
The latest sanctions also include measures against firms in Turkey, the United Arab Emirates, and Central Asian economies that are believed to be aiding Russia in evading existing sanctions. The State Department stressed that these actions are designed to "hit Russia where it hurts" by targeting its energy sector and disrupting its supply chain for military equipment.
The U.S. Treasury Department focused on several Russian financial technology, securities, real estate lending, and other financial firms, although it stopped short of sanctioning foreign banks involved in transactions supporting Russia's war efforts. The Treasury had previously warned banks that continued involvement in Russia's war economy could result in their exclusion from the dollar-based financial system.
The sanctions also targeted entities involved in Russia's energy projects, including the Arctic LNG 2 project, and companies like UAE-based White Fox Ship Management, which the U.S. accuses of acquiring tankers to ship liquefied natural gas for Russia.
China's embassy in Washington responded critically to the sanctions, with spokesperson Liu Pengyu asserting that Beijing "firmly opposes unilateral sanctions based on 'long-arm jurisdiction'" and that "normal trade between China and Russia should not be undermined."
As the U.S. continues to tighten its sanctions regime, the focus remains on cutting off Russia's access to critical technologies and resources, with a particular emphasis on disrupting its military capabilities and energy sector.
(Source:www.vvoanews.com)
The U.S. State Department highlighted that these sanctions are part of ongoing efforts to restrict Russia's access to crucial technologies and resources. Friday's actions included sanctions against companies in China that are allegedly involved in shipping machine tools and microelectronics to Russia, further tightening the grip on Moscow's defense industrial base.
Deputy Treasury Secretary Wally Adeyemo emphasized the seriousness of the situation, stating, "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."
The Biden administration also expanded the U.S. export control list, adding 123 entities that now require licenses before suppliers can ship products to them. Among these were 63 entities in Russia and 42 in China, reinforcing the U.S.'s stance against any foreign involvement in Russia's military buildup.
Ukrainian President Volodymyr Zelenskiy expressed gratitude to the U.S. for the "additional strong sanctions," asserting that they would further weaken Russia's capacity to "wage an aggressive war against Ukraine." He called for continuous pressure on Russia as long as its aggression persists.
The latest sanctions also include measures against firms in Turkey, the United Arab Emirates, and Central Asian economies that are believed to be aiding Russia in evading existing sanctions. The State Department stressed that these actions are designed to "hit Russia where it hurts" by targeting its energy sector and disrupting its supply chain for military equipment.
The U.S. Treasury Department focused on several Russian financial technology, securities, real estate lending, and other financial firms, although it stopped short of sanctioning foreign banks involved in transactions supporting Russia's war efforts. The Treasury had previously warned banks that continued involvement in Russia's war economy could result in their exclusion from the dollar-based financial system.
The sanctions also targeted entities involved in Russia's energy projects, including the Arctic LNG 2 project, and companies like UAE-based White Fox Ship Management, which the U.S. accuses of acquiring tankers to ship liquefied natural gas for Russia.
China's embassy in Washington responded critically to the sanctions, with spokesperson Liu Pengyu asserting that Beijing "firmly opposes unilateral sanctions based on 'long-arm jurisdiction'" and that "normal trade between China and Russia should not be undermined."
As the U.S. continues to tighten its sanctions regime, the focus remains on cutting off Russia's access to critical technologies and resources, with a particular emphasis on disrupting its military capabilities and energy sector.
(Source:www.vvoanews.com)