U.S. announces 300 new sanctions targeting Russia’s ‘war economy’
==========
The Biden administration announced 300 new sanctions targeting Russia's 'war economy' in an effort to choke off its ability to fund the war against Ukraine. The sanctions aim to increase the risk for financial institutions dealing with Russia's war economy and eliminate paths for evasion. It is unclear how much impact the sanctions will have on Russia's ability to wage war, as Putin has implemented policies to circumvent previous sanctions. The Treasury Department and State Department issued about 300 sanctions on individuals and entities enabling Russia's war effort and evading sanctions. The sanctions target individuals and entities in Russia and across the world, including in Asia, the Middle East, Europe, Africa, Central Asia, and the Caribbean. The actions also include new guidelines for foreign financial institutions and steps to impede the Russian government's ability to employ IT consultancy services and design services. Further sanctions target Russia's pursuit of liquefied natural gas exports and seek to disrupt its efforts to circumvent sanctions by designating 90 individuals and entities in various countries. The sanctions take effect immediately, with some restrictions coming into effect in September.
#UsSanctions #Russia #WarEconomy #Ukraine #Sanctions #FinancialInstitutions #VladimirPutin #TreasuryDepartment #StateDepartment #ForeignFinancialInstitutions #ItConsultancyServices #LiquefiedNaturalGasExports
https://thehill.com/policy/international/4718008-us-sanctions-russia-war-economy/
The Hill /
npub1uf9…wj43
2024-06-12 20:09:39
Author Public Key
npub1uf9ht809jfjawes35uqsxnj7hyjqsdyxypewh4d869swy74vldeq0vwj43Published at
2024-06-12 20:09:39Event JSON
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"content": "U.S. announces 300 new sanctions targeting Russia’s ‘war economy’\n==========\n\nThe Biden administration announced 300 new sanctions targeting Russia's 'war economy' in an effort to choke off its ability to fund the war against Ukraine. The sanctions aim to increase the risk for financial institutions dealing with Russia's war economy and eliminate paths for evasion. It is unclear how much impact the sanctions will have on Russia's ability to wage war, as Putin has implemented policies to circumvent previous sanctions. The Treasury Department and State Department issued about 300 sanctions on individuals and entities enabling Russia's war effort and evading sanctions. The sanctions target individuals and entities in Russia and across the world, including in Asia, the Middle East, Europe, Africa, Central Asia, and the Caribbean. The actions also include new guidelines for foreign financial institutions and steps to impede the Russian government's ability to employ IT consultancy services and design services. Further sanctions target Russia's pursuit of liquefied natural gas exports and seek to disrupt its efforts to circumvent sanctions by designating 90 individuals and entities in various countries. The sanctions take effect immediately, with some restrictions coming into effect in September.\n\n#UsSanctions #Russia #WarEconomy #Ukraine #Sanctions #FinancialInstitutions #VladimirPutin #TreasuryDepartment #StateDepartment #ForeignFinancialInstitutions #ItConsultancyServices #LiquefiedNaturalGasExports\n\nhttps://thehill.com/policy/international/4718008-us-sanctions-russia-war-economy/",
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