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US Imposes Massive Sanctions on Russia and China Amid Russo-Ukrainian War: What You Need to Know

Russo-Ukrainian WarOn the occasion of its second anniversary, the U.S. government announced on the 23rd thatRussiaThe largest wave of sanctions affects more than 500 entities and individuals, mostly Russian individuals and companies, including the Russian shipping state-owned giant Sovcomflot, and 17 mainland Chinese companies accused of assisting Russia.

In response to the controversy over the sudden death of Russian opposition figure Aleksey Navalny in prison, the U.S. State Department sanctioned three Russian officials, including the warden, the regional prison director, and the deputy director of the Russian Federal Penitentiary Service.

The Treasury Department, the State Council, and the Commerce Department each implemented sanctions. The U.S. Treasury Department sanctioned nearly 300 entities and individuals, the State Department sanctioned about 250 targets, and the Ministry of Commerce added 93 companies to the entity list, bringing the total to more than 500 sanctions targets.

The Biden administration claims that this is the largest sanction since the Russia-Ukraine war broke out; since the Russia-Ukraine war broke out in 2022, the U.S. government has sanctioned a total of 4,000 entities and individuals.

U.S. President Joe Biden said that it is necessary to ensure that Russian President Vladimir Putin pays a higher price for his various actions of external aggression and internal oppression.

Treasury Secretary Janet Yellen said that the Russia-Ukraine war and Navalny’s death reflected Putin’s disregard for human life and that the United States must continue to support him.Ukraineweakening Russia’s war machine.

The Ministry of Finance sanctioned a number of Russian companies and individuals this time, covering drones, finance, logistics, aviation and military industries.

The Treasury Department sanctioned Russian Hyundai Merchant Shipping Company, designated 14 oil tankers as its own, issued a general license to the Office of Foreign Assets Control (OFAC), restricted transactions with Russian Hyundai Merchant Shipping Company, and froze the assets of merchant ship owners in the United States.

The Treasury Department said this was the next step after Western countries imposed a price ceiling on Russian oil. A Treasury official told Reuters that Russia’s Hyundai Merchant Shipping Co. was suspected of violating the price ceiling. The latest move was intended to reduce the company’s resources for fighting in Moscow. .

In addition, the latest sanctions by the Treasury Department include 11 countries and 26 sanctioned targets (including entities and individuals) including mainland China, Serbia and the United Arab Emirates. They are accused of transporting weapons to Russia and assisting in money laundering.

Washington has repeatedly warned Beijing not to assist Russia in fighting Ukraine. This is the first time the United States has taken action against mainland China since the outbreak of the Russia-Ukraine war.

The Ministry of Finance sanctioned Guangzhou Osai Technology, Shenzhen Biguang Trading, Shenzhen Yilufa Technology, Jiangxi Liansheng Technology, Guangzhou Hesen Import and Export, and Guangdong New Creative Technology on the grounds of assisting Russia’s economic operations; the first three companies were also sanctioned because of Aiding Russia is sanctioned by the EU.

The State Department targets entities and individuals that “help Russia circumvent Western sanctions,” “support Russian energy development and weapons shipments,” or “engage in the illegal transfer, deportation, or imprisonment of Ukrainian children.”

Among them, the State Council sanctioned three companies, Zhejiang Oulon Electric, Wuhan Maiwei Communications, and Beijing Xinbai Microelectronics, on the grounds of assisting Russia’s economic operations. In addition, companies in third countries such as Belarus and Iran were also sanctioned by the State Council.

The new entity list objects added by the Bureau of Industry and Security (BIS) of the Department of Commerce include 63 Russian companies, 8 mainland Chinese companies and 16 Turkish companies. It is expected to be published in the Federal Gazette on the 27th; a total of 63 Russian companies have been listed on the list of entities due to the Russia-Ukraine war. There are 908 companies on the Ministry’s entity list.

Russian official media Tass reported that Russia’s ambassador to the United States, Anatoly Antonov, criticized this for creating social unrest and interfering in Russia’s internal affairs on the eve of the Russian presidential election; “Don’t Washington know that sanctions will not defeat us? Even if Despite a host of obstacles and restrictions, the Russian economy is still developing rapidly, surpassing many Western European countries.”

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2024-02-23 22:44:06

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