U.S. Tightens Sanctions on Global Entities Supporting Russia
The United States has imposed sanctions on nearly 400 individuals and entities across multiple countries to counter Russia’s evasion of existing sanctions, targeting high-priority items used by Russia in the Ukraine invasion. The action affects entities from China, India, and several other nations.
The United States has intensified its campaign against global entities aiding Russia in circumventing sanctions, targeting approximately 400 individuals and organizations across various countries as part of a coordinated move to curb evasion efforts.
The U.S. Treasury and State departments slapped sanctions on significant numbers of Chinese, Hong Kong, and Indian firms, alongside entities from nations including Russia, the UAE, and Turkey, citing their involvement in supplying crucial components potentially used in Russia's aggression against Ukraine.
Deputy Treasury Secretary Wally Adeyemo emphasized the commitment of the U.S. and its allies to halt the flow of technology empowering Russia, signaling potential action against Indian companies while recognizing China's dominant role as a supplier of high-priority items to Russia.
(With inputs from agencies.)
- READ MORE ON:
- sanctions
- Russia
- U.S. Treasury
- State Department
- Ukraine
- China
- India
- technology
- evasion
- Wally Adeyemo
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