Sanctions on 400 individuals and companies for supporting the war. “They hit Russia where it hurts”

– Today’s actions hit Russia where it hurts. They reduce his ability to generate revenue through energy projects and disrupt the acquisition of materials to fuel his war machine, said Aaron Forsberg of the State Department.

Washington has repeatedly criticized Beijing over Chinese companies’ support for Russia’s defense industry and has previously imposed sanctions to prevent the Kremlin from using certain technologies for military purposes, said Reuters.

The rest of the article is below the video

The new sanctions include measures against Chinese companies involved in the supply of electronic devices and parts to Russia. The State Department also targeted international networks involved in supplying arms to Russia, helping Russian oligarchs evade sanctions and laundering money for a company that already under restrictions.

– Russia has turned its economy into a tool at the service of the Kremlin’s military-industrial complex – said the deputy secretary of the Treasury. United States Wally Adeyemo. – Companies, financial institutions and governments should ensure that they do not support their supply chains – he said.

The sanctions specifically target technology companies involved in “supporting and developing Russia’s defense industry”, as well as automation, robots, internet search, artificial intelligence, they noted the AFP group.

The US Treasury Department said the restrictions would apply to several Russian finance and financial technology companies as well as companies located in Turkey, the United Arab Emirates and Central Asia that help Russia evade sanctions, it said. the ministry.

European companies are also on the list, among them: the Hungarian Matrix Metals Group, which provided high-priority products to Russia, including integrated circuits.

The entities subject to sanctions include the export arm of China’s Dalian Machine Tool Group, which, according to US data, provided dual-use materials to Russian companies, and 20 companies based in Hong Kong and Chinawhich was to “provide the industrial base of Russia.”

Washington is also trying to put the brakes on future Russian energy projects and liquefied natural gas (LNG) supplies. The restrictions also covered companies involved in shipping, such as White Fox Ship Management based in the United Arab Emirates, which, according to the US, recently bought four LNG tankers.