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The US imposes sanctions on 400 firms and individuals for supporting the Russian military

2024-08-23 19:11:00, Kosova & Bota CNA
The US imposes sanctions on 400 firms and individuals for supporting the Russian
US Treasury Department Building, Washington

The United States on Friday imposed sanctions on more than 400 firms and individuals over their support for Russia's war in Ukraine, the State Department said.

Among those sanctioned are Chinese firms, which the US believes are helping Moscow evade Western sanctions and bolster its military.

The sanctions include measures against companies in China that are involved in sending machine tools and microelectronics to Russia, according to DASH.

The US Treasury Department said it has also imposed sanctions on transnational networks involved in selling ammunition and other materials to Russia, and supporting Russian oligarchs and others in evading sanctions.

"Russia has turned its economy into a tool for the Kremlin's military industry," said US Treasury Secretary Wally Adeyemo.

"Companies, financial institutions and governments around the world need to make sure they are not supporting Russian military industry supply chains," he said.

Meanwhile, Ukrainian President Volodymyr Zelensky thanked the US for "strong additional sanctions".

He wrote on the X social network that the sanctions will further weaken Russia's ability "to wage aggressive war against Ukraine."

After seizing Crimea from Ukraine in 2014, Russia launched a full invasion of Ukraine in February 2022.

Since then, the United States has imposed continuous economic sanctions on Moscow./REL





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