About 300 entities, ships, aircraft to be included in new U.S. sanctions package against Russia

19 May, 12:28 PM
The U.S. is preparing new sanctions against Russia (Photo:REUTERS/Maxim Zmeyev/File Photo)

The U.S. is preparing new sanctions against Russia (Photo:REUTERS/Maxim Zmeyev/File Photo)

The U.S. has announced a new sanctions package against Russia that includes about 300 individuals, companies, vessels and aircraft, a White House spokesperson announced at a briefing on May 18.

Washington will also impose export restrictions on about 70 entities from Russia and third countries.

"We’ll also expand our sanctions authorities to additional sectors of the Russian economy key to its military-industrial complex and impose new bans to prevent Russia from benefiting from our services," the unnamed senior Biden administration official said.

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He added that the United States would continue to expand export controls "to make it even harder for Russia to sustain its war machine." In particular, this includes restricting the supply of a number of goods that are "key to the battlefield," the official stated.

"The sanctions... will go after financial facilitators (of Russia - ed.), as well as future energy and extractive capabilities of Russia and other actors helping to support the war," the White House official said, adding that companies from Europe, the Middle East and Asia will be blacklisted.

The U.S. administration believes that the cap on Russian oil prices is "achieving its goals" and has led, in particular, to a limitation of Russia's revenues, and "promoting stability in global energy markets.”

"It’s also driving steep discounts, benefiting low- and middle-income countries that consume oil and energy products," the official stated.

He emphasized that the United States "remains committed to upholding the price cap."

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