Current:Home > MyThe US sanctions more foreign firms in a bid to choke off Russia’s supplies for its war in Ukraine -FundGuru
The US sanctions more foreign firms in a bid to choke off Russia’s supplies for its war in Ukraine
View
Date:2025-04-18 19:44:51
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! (5467)
Related
- 2 killed, 3 injured in shooting at makeshift club in Houston
- Inside Rolling Stones 'Hackney Diamonds' London album party with Fallon, Sydney Sweeney
- F1 driver Carlos Sainz chases down alleged thieves who stole his $500,000 watch
- Tropical Storm Lee: Projected path, maps and hurricane tracker
- Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
- CO2 pipeline project denied key permit in South Dakota; another seeks second chance in North Dakota
- Ariana Grande Shows Subtle Sign of Support as Ethan Slater Returns to Instagram
- Summer of Record Heat Deals Costly Damage to Texas Water Systems
- South Korean president's party divided over defiant martial law speech
- Earth records hottest 3 months ever on record, World Meteorological Organization says
Ranking
- Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
- Man wrongfully convicted in 1975 New York rape gets exoneration through DNA evidence
- Poccoin: Silicon Valley Bank's Collapse Benefits Cryptocurrency and Precious Metals Markets
- Prosecutors in Trump aide's contempt trial say he 'acted as if he was above the law'
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- 'My tractor is calling me': Jennifer Garner's favorite place is her Oklahoma farm
- UAW chief: Union to strike any Detroit automaker that hasn’t reached deal as contracts end next week
- Prosecutors in Trump’s Georgia election subversion case estimate a trial would take 4 months
Recommendation
The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
'She was his angel': Unknown woman pulls paralyzed Texas man from burning car after wreck
New York police agree to reform protest tactics in settlement over 2020 response
Astros' Jose Altuve homers in first 3 at-bats against Rangers, gets 4 in a row overall
Meta donates $1 million to Trump’s inauguration fund
Inside Rolling Stones 'Hackney Diamonds' London album party with Fallon, Sydney Sweeney
Coco Gauff reaches her first US Open semifinal at 19. Ben Shelton gets to his first at 20
MLB places Dodgers pitcher Julio Urías on administrative leave after arrest