US announces new sanctions against Russia

In line with commitments made at the G7 Leaders Summit, the US Treasury Department said global sanctions and other restrictive economic measures were strengthened to further reduce Russia’s ability to fight Ukraine.

In the statement, it was noted that the Office of Foreign Assets Control (OFAC) imposed sanctions on 22 individuals and 104 institutions for the channels used by Russia to acquire critical technology, future energy revenues, and the financial services sector.

Noting that OFAC has expanded the sanctions imposed on Russia, it was emphasized that steps were taken to cut off Russia’s access to certain services.

PROHIBITION OF SOME SERVICES

In the statement, it was indicated that the export, sale or supply of architectural or engineering services to anyone in Russia by a US person from the US or wherever located is prohibited, and such prohibition will come into effect. Valid from June 18. .

In the statement, US Treasury Secretary Janet Yellen stressed that since the start of Russia’s “illegal and gratuitous” war, they have supported Ukraine and focused on reducing Russia’s ability to carry out out the invasion.

Noting that collective efforts have deprived Russia of basic supplies it needs for its military and limited the Kremlin’s funding of the war, Yellen noted that the latest sanctions will further increase the difficulties for Russian President Vladimir Putin. I can continue the war.

SANCTIONS TO 200 PEOPLE, ORGANIZATIONS, BOAT AND PLANE

In addition, in the US State Department statement, it was reported that more than 200 people, organizations, ships and aircraft were included in the scope of the sanctions.

The sanctions were said to target Russia’s defense, related materials, technology, metals, and mining sectors, and include sanctions against institutions and individuals involved in increasing Russia’s future energy production and capacity.

In the statement, it was emphasized that the United States will continue to support Ukraine no matter how long it takes.

THE UNITED STATES DEPARTMENT OF COMMERCE IS BLACKLISTED BY 71 COMPANIES

Separately, the US Department of Commerce also imposed a new restriction on the export of various consumer goods to Russia and blacklisted 71 companies for making it difficult to access US technology.

The US Department of Treasury’s Financial Crimes Enforcement Division (FinCEN) and the US Department of Commerce’s Bureau of Industry and Security (BIS) also issued a joint supplemental warning urging Russia to be vigilant against a possible evasion of export controls.

The alert referenced the first joint FinCEN and BIS alert issued in June 2022, which provides additional information for financial institutions on new export control restrictions in Russia.

Additionally, with the warning, ongoing commitments and initiatives to further restrict and block access to technology and goods needed to supply and supply Russia’s military and defense industry base were reiterated. (AA)