Washington DC –
United States of America (US) and its allies dropped the latest string of sanctions for Russia regarding his invasion of Ukraine. The new sanctions target dozens of Russian defense companies, hundreds of Russian lawmakers and the chief executive of Russia’s biggest bank.
As reported ReutersFriday (03/25/2022), the US Treasury also released guidance on its website warning that gold transactions involving Russia may be subject to sanctions by US authorities — a move aimed at stopping Russia from evading existing sanctions.
“Our goal here is to methodically remove the advantages and privileges that Russia once enjoyed as a participant in the international economic order,” said a senior US administration official, who asked not to be named.
Since Russia launched its invasion of Ukraine on February 24, the United States and its allies have imposed a barrage of sanctions in several stages, including targeting Russia’s biggest lender and the President. Vladimir Putin.
Russia has called its military action a “special operation” to disarm and “de-Nazify” Ukraine.
The US Treasury said the latest sanctions targeted more than 40 defense companies, including Russia’s state-run Tactical Missile Corps and 28 companies linked to the corps. The director general of the corps was also sanctioned.
The US Treasury said this action was in line with similar steps taken by the European Union, UK and Canada.
In a statement, the US Treasury also said the Russian conglomerates — which have been sanctioned by Britain — were producing the naval systems and weapons Russia used against Ukraine, including the Kh-31 — high-speed missiles that are deployed extensively in Ukraine.
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