Current:Home > NewsThe US sanctions more foreign firms in a bid to choke off Russia’s supplies for its war in Ukraine -Trailblazer Capital Learning
The US sanctions more foreign firms in a bid to choke off Russia’s supplies for its war in Ukraine
View
Date:2025-04-19 19:36:32
WASHINGTON (AP) — The United States on Thursday imposed a new round of sanctions on 130 firms and people from Turkey, China and the United Arab Emirates in an effort to choke off Russia’s access to tools and equipment that support its invasion of Ukraine.
The sanctions imposed by Treasury Department’s Office of Foreign Assets Control target third-party firms and people alleged to assist Moscow in procuring equipment needed on the battlefield, including suppliers and shippers. In addition, the State Department imposed diplomatic sanctions targeting Russian energy production and its metals and mining sector.
Thursday’s sanctions targets include Turkish national Berk Turken and his firms, which are alleged to have ties to Russian intelligence. The Treasury Department said Turken’s network arranged payments and shipping details designed to bypass sanctions and move goods from Turkey to Russia.
A series of United Arab Emirates firms alleged to have shipped aviation equipment, machines for data reception and more also were sanctioned. And UAE-based ARX Financial Engineering Ltd. was sanctioned for allegedly being involved in finding ways for Russian rubles to be sent from sanctioned Russian bank VTB Bank and converted to U.S. dollars.
Turken and a representative from ARX were not immediately available for comment on Thursday.
Treasury Secretary Janet Yellen said Russia “is dependent on willing third-country individuals and entities to resupply its military and perpetuate its heinous war against Ukraine and we will not hesitate in holding them accountable.”
“Today’s actions demonstrate our further resolve in continuing to disrupt every link of Russian military supply chain, and target outside actors who would seek to support Russia’s war effort,” she said in a statement.
The latest sanctions build on the thousands of financial penalties imposed on Russian infrastructure and its officials, banks and oligarchs.
Along with imposing individual sanctions, the U.S. and allies have frozen Russian Central Bank funds, restricted Russian banks’ access to SWIFT — the dominant system for global financial transactions — and imposed a $60-per-barrel price cap on Russian oil and diesel.
And after nearly two years of war, the allied nations are still aiming at new targets for financial penalties that block, freeze and seize access to international funds.
Russian President Vladimir Putin asserted the attack on Ukraine was needed to protect civilians in eastern Ukraine — a false claim the U.S. had predicted he would make as a pretext for an invasion. He accused the U.S. and its allies of ignoring Russia’s demand to prevent Ukraine from joining NATO and offer Moscow security guarantees.
veryGood! (438)
Related
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- Senators push federal commission to help defend voters from artificial intelligence disinformation
- Samsung chief Lee Jae-yong is acquitted of financial crimes related to 2015 merger
- North Korea fires multiple cruise missiles into the sea, extending recent testing spree
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- When does daylight saving time start? What is it? Here's when to 'spring forward' in 2024
- Bijou Phillips Gives Rare Life Update Amid Danny Masterson Divorce
- Red carpet looks from the 2024 Grammy Awards
- Meta releases AI model to enhance Metaverse experience
- Episcopal Diocese of Mississippi elects its first woman, Black person as bishop
Ranking
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- Mega Millions jackpot climbs to $333 million for Feb. 2 drawing. See the winning numbers
- 'Extremely dangerous situation' as flooding, mudslides swamp California: Live updates
- What is Super Bowl LVIII? How to read Roman numerals and why the NFL uses them
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- Stevie Wonder pays tribute to Tony Bennett at Grammys: 'I'm going to miss you forever'
- Former WNBA MVP Nneka Ogwumike becomes second big free agent to sign with Seattle Storm
- Over 100,000 Bissell vacuums recalled over potential fire hazard from a hot battery
Recommendation
Skins Game to make return to Thanksgiving week with a modern look
King Charles III has been diagnosed with cancer, will halt public duties as he undergoes treatment
Texas mother rescues 2 children, dies trying to save 1-year-old from house fire
King Charles III has been diagnosed with cancer, will halt public duties as he undergoes treatment
'We're reborn!' Gazans express joy at returning home to north
Céline Dion's Rare Outing With Son René-Charles at 2024 Grammys Put the Power of Love on Display
Former WNBA MVP Nneka Ogwumike becomes second big free agent to sign with Seattle Storm
Fantasy football meets Taylor Swift in massive 'Swiftball' competition