US imposes fresh sanctions against Russia on anniversary of its invasion of Ukraine

24 February, 06:27 PM
US expands sanctions against terrorist nation (Photo:REUTERS/Maxim Zmeyev/File Photo)

US expands sanctions against terrorist nation (Photo:REUTERS/Maxim Zmeyev/File Photo)

The United States is imposing new sanctions against Russia on Feb. 24, onthe anniversary of Moscow’s full-scale invasion of Ukraine, the U.S. Department of the Treasury said in a press release.

In particular, the Treasury targeted the metals and mining sector of the Russian economy under Executive Order 14024, as well as 22 individuals and 83 entities.

“Today’s action, together with additional measures taken by the Department of State, the Department of Commerce, and the Office of the U.S. Trade Representative, in coordination with allies and G7 partners, further isolates Russia from the international economy and hinders Russia’s ability to obtain the capital, materials, technology, and support that sustain its war against Ukraine, which has killed thousands and displaced millions of people,” the press release says.

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Several Russian banks were blacklisted, including Credit Bank of Moscow Public Joint Stock Company, Joint Stock Company Commercial Bank Lanta Bank, Public Joint Stock Company Commercial Bank Metallurgical Investment Bank (Metallinvestbank), Public Joint Stock Company MTS Bank, Novosibirsk Social Commercial Bank Levoberezhny Public Joint Company, Bank Saint-Petersburg Public Joint Stock Company, Bank Saint-Petersburg Public Joint Stock Company, SDM-Bank Public Joint Stock Company, and more.

The U.S. Treasury also targeted firms and individuals in Russia’s technology and electronics sectors, including persons who produce or import specialized or high-tech equipment used by Russia’s defense entities. These are 0Day Technologies, OOO Iteranet, OKB Spektr OOO, Limited Liability Company Maxtech, Novilab Mobile, LLC, Limited Liability Company Promtekhekspert, and more.

The following individuals have also been added to the updated sanctions list: Russian Vice Prime Minister Tatyana Golikova and her husband Viktor Khristenko, several Russian ministers, propagandist Olga Skabeyeva, Anna Surovikina (the wife of Russian army general Sergey Surovikin), businessman Aleksandr Udodov suspected of money laundering, and others.

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