Current:Home > ScamsThe US sanctions more foreign firms in a bid to choke off Russia’s supplies for its war in Ukraine -Zenith Profit Hub
The US sanctions more foreign firms in a bid to choke off Russia’s supplies for its war in Ukraine
View
Date:2025-04-27 16:43:05
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! (269)
Related
- South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
- Confrontation between teen and NYC parks officer, captured on video, leads to investigation
- Intelligence chairman says US may be less prepared for election threats than it was four years ago
- Alligator that went missing at Missouri middle school found after nearly 2 weeks
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Book excerpt: The Ministry of Time by Kaliane Bradley
- 83-year-old woman gored by bison at Yellowstone National Park
- Rugby Star Rob Burrow Dead at 41: Prince William and More Pay Tribute
- DoorDash steps up driver ID checks after traffic safety complaints
- Michigan kills 31,000 Atlantic salmon after they catch disease at hatchery
Ranking
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- Diver found dead in Lake Erie identified as underwater explorer
- The bodies of 2 canoeists who went over waterfall in Minnesota’s Boundary Waters have been recovered
- Gypsy Rose Blanchard Unveils “Natural” Hair Transformation
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- Wisconsin school bus crash sends 2 children to hospital
- Hawaii's Kilauea volcano erupts in remote summit region
- Horoscopes Today, June 1, 2024
Recommendation
Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
Janis Paige, star of Hollywood and Broadway, dies at 101
Giant Food stores in D.C. area ban duffel bags to thwart theft
Travis Kelce's Pal Weighs in on Potential Taylor Swift Wedding
How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
Plug-In hybrids? Why you may want to rethink this car
Free Krispy Kreme for all on National Doughnut Day. How to walk off with your favorite flavor
Free Krispy Kreme for all on National Doughnut Day. How to walk off with your favorite flavor