US expands Russia sanctions, targeting entities in China, UAE and Turkey
Al Jazeera
Washington’s latest sanctions announcement comes as US President Joe Biden attends the G7 summit in Italy.
The United States has rolled out new sanctions against more than 300 individuals and firms accused of aiding Russia’s war effort in Ukraine, including entities in China, South Africa, the United Arab Emirates and Turkey.
US Treasury Secretary Janet Yellen said on Wednesday the measures target Moscow’s remaining avenues for obtaining materials and equipment needed to sustain the war.
“We are increasing the risk for financial institutions dealing with Russia’s war economy and eliminating paths for evasion, and diminishing Russia’s ability to benefit from access to foreign technology, equipment, software, and IT services. Every day, Russia continues to mortgage its future to sustain its unjust war of choice against Ukraine,” Yellen said in a statement.
In remarks carried by Russia’s state-run TASS news agency, Ministry of Foreign Affairs spokeswoman Maria Zakharova said Moscow would “not leave such aggressive actions without a response”.
The targeted entities include the Moscow Exchange, which runs Russia’s largest public markets for equities and foreign exchange products, UAE-based firm Red Coast Metals Trading, and Chinese companies Hangzhou Keming Intelligent Technology and Shandong Oree Laser Technology.
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