US sanctions hundreds of firms accused of supplying Russia's war machine
The U.S. has imposed sweeping sanctions against hundreds of firms across Russia, Europe, the Middle East and Asia, accusing them of providing products and services that enable Russia’s war effort and aiding its ability to evade sanctions
WASHINGTON — The U.S. imposed sweeping sanctions Friday on hundreds of firms in Russia and across Europe, Asia and the Middle East, accusing them of providing products and services that enable Russia’s war effort and aiding its ability to evade sanctions.
Among those sanctioned by the Treasury Department were 60 Russian-based technology and defense companies, including three Russian financial tech companies. Also sanctioned were firms in Turkey, France and Hong Kong that act as suppliers to Russia-based Promtekh, a wholesale distributor of transportation equipment, and an ammunition procurement network connected to Italian and Turkish nationals, who also face sanctions.
Friday's action is the latest in a series of thousands of U.S. sanctions that have been imposed on Russian firms and their suppliers in other nations since Russia’s invasion of Ukraine in February 2022. The effectiveness of the sanctions has been questioned, especially as Russia has continued to support its economy by selling oil and gas on international markets.
Additionally, the State Department designated people and firms involved in Russia’s energy, metals and mining exports; drone production; subsidiaries of Russian state-owned nuclear energy corporation Rosatom; and people the U.S. says were involved in kidnapping Ukrainian children and making them identify as Russian.
The announcement comes one day before Ukraine’s independence day and as Ukrainian forces push into Russia’s Kursk region.
Friday's action is
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