With more sanctions, tougher export regulations and tariff hikes, the US government wants to further shut down the supply of money to Russia to fund its war against Ukraine.
The new package of measures includes sanctions against more than 200 people who are citizens of Russia and countries in Europe, Asia and the Middle East that support Russia’s warmongering. A dozen Russian financial institutions, Russian officials and individuals operating illegitimately in Ukraine will also be targeted, the White House said today on the first anniversary of Russia’s war of aggression.
Other sanctions targeted actors with ties to Russia’s defense and technology industries, “including those responsible for stockpiling Russian stockpiles of sanctioned items or enabling sanctions evasion.”
Tighter export regulations are expected to prevent companies from Russia or other countries from helping to circumvent existing sanctions and replenish Russia’s military stockpiles. The nearly 90 listed companies will no longer be able to buy certain items – semiconductors, for example – that were manufactured in the US or abroad with American technology.