NewsPoliticsTop StoryUS

US sanctions 120 firms, people linked to Russia

The United States on Thursday imposed sanctions on roughly 120 firms and people from Russia to Kyrgyzstan in an effort to choke off Moscow’s access to products, money and financial channels that support its invasion of Ukraine. The Associated Press has the story:

US sanctions 120 firms, people linked to Russia

Newslooks- WASHINGTON (AP)

The United States on Thursday imposed sanctions on roughly 120 firms and people from Russia to Kyrgyzstan in an effort to choke off Moscow’s access to products, money and financial channels that support its invasion of Ukraine.

The sanctions imposed by the Treasury and State departments target dozens of Russian mining, technology and munitions firms and commercial banks. In addition, a group of Kyrgyzstan-based electronics firms and its leadership were targeted as exporters of components and other technology to Russia.

A UAE-based engineering company that sent dozens of shipments of electronics to Russia was also sanctioned.

Emergency service personnel work at the site of a destroyed building after a Russian attack in Odesa, Ukraine, Thursday, July 20, 2023. (AP Photo/Libkos)

The latest sanctions build on those imposed on Russia when the U.S. and other Group of Seven nations rolled out a wave of global actions during a Japan summit in May.

“Since Russia launched its full scale invasion of Ukraine, the United States, working with our allies and partners, has taken unprecedented steps to impose costs on Russia and promote accountability for the individuals and entities who support its illegal war,” U.S. Secretary of State Antony Blinken said in a statement.

“We will continue to stand with Ukraine for as long as it takes,” he said.

In this image provided by the Ukrainian Emergency Service, emergency services work at a scene of a destroyed residential area after a Russian attack in Mykolaiv, Ukraine, Thursday, July 20, 2023. (Ukrainian Emergency Service via AP)

After the invasion’s one-year anniversary in February, U.S. officials said Russia’s metals and mining sector would be a focus of future sanctions actions, as well as reducing Russia’s energy revenues through the imposition of a price cap on Russian oil.

Deputy Secretary of the Treasury Wally Adeyemo said Thursday’s actions represent “another step in our efforts to constrain Russia’s military capabilities, its access to battlefield supplies, and its economic bottom line.”

“As long as Russia continues to wage its unprovoked and brutal war against Ukraine, we will impose sanctions to deprive Russia of the technology it needs and disrupt the Russian arms industry’s ability to resupply,” Adeyemo said in a statement.

Read more political news

Previous Article
Netanyahu doubles down on judicial plan
Next Article
Protesters storm Swedish Embassy in Baghdad

How useful was this article?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this article.

Latest News

Menu