US Sanctions Strike 398 Firms: Stalling Russian War Machine

The US has imposed sanctions on 398 companies from Russia, India, China, and other nations, alleging they support Russia's war on Ukraine. The sanctions target firms aiding in military production and dual-use goods, amid questions about effectiveness as Russia's economy grows by trading oil and gas.

On Wednesday, the United States implemented sanctions targeting 398 companies across nations such as Russia, India, and China. These firms are accused of supporting Russia's military initiatives and helping it circumvent existing sanctions. This move, orchestrated by the Treasury and State Departments, aims to penalize 'third party countries' aiding the Kremlin.

Key targets include 274 firms providing advanced technology to Russia and manufacturing companies that produce military equipment used against Ukraine. Additionally, diplomatic sanctions were imposed on Russian defense officials and companies, as well as China-based exporters of dual-use goods crucial for Russia's military base.

Despite these efforts, doubts linger regarding the sanctions' effectiveness, as Russia continues to bolster its economy through oil and gas sales. The US government acknowledges sanctions won't alone halt Russia's aggression, with policy experts labeling them insufficient given Russia's economic resilience.

(With inputs from agencies.)