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U.S. announces new sanctions on Russian technology sector

The U.S. on Thursday imposed new sanctions on Russia’s engineering sector and a sanctions evasion network in response to the country’s unprovoked invasion of Ukraine, mentioned the U.S. Section of Treasury.

Driving the news: “We will go on to target Putin’s war equipment with sanctions from each and every angle, right up until this senseless war of option is about,” Treasury Secretary Janet Yellen reported in a assertion.

  • Thursday’s sanctions target 21 entities and 13 people “as part of [the Treasury Department’s] crackdown on the Kremlin’s sanctions evasion networks and technologies firms,” the Treasury said.

State of perform: Among the the companies integrated in the sanctions are Serniya and Sertal, two Moscow-dependent corporations that illicitly procure twin-use machines and engineering for Russia’s protection sector.

  • The Treasury also announced that sanctions apply to the aerospace, marine, and electronics sectors of the Russian Federation overall economy.
  • “This dedication enables for sanctions to be imposed on any individual or entity identified to work or have operated in any of people sectors and gives an expanded ability to quickly impose more economic fees on Russia for its war of choice in Ukraine,” for every the Treasury.

The big photo: Thursday’s announcement is the most recent in a prolonged listing of U.S. sanctions on Russia introduced in the wake of the invasion, including those people targeting Russian politicians and oligarchs.

What they’re declaring: “Russia not only continues to violate the sovereignty of Ukraine with its unprovoked aggression, but also has escalated its assaults placing civilians and populace facilities,” Yellen stated.

Go further: West ramps up Russia sanctions after invasion of Ukraine