US Imposes Sweeping Sanctions on Russia in Response to Aggression Against Ukraine
The United States, in coordination with its G7 partners, has taken a number of economic measures against Russia in response to the country’s continued aggression against Ukraine. On Friday, the US imposed a new series of sanctions against Russian banks, key industries, and individuals, as well as third-country persons believed to be helping Russia’s sanctions evasion efforts.
On Friday, White House Press Secretary Karine Jean-Pierre informed reporters that the US is planning to implement “sweeping sanctions” against a variety of Russia's key money-generating sectors, such as banking, defense, and technology. Officials have stated that an additional package of approximately $2 billion in American security aid is to be revealed.[0]
The Treasury Department has declared new sanctions that are aimed at a minimum of 12 Russian banks and the nation's mining sector. The sanctions target a dozen Russian financial institutions and actors helping Russia's defense and technology industry, as well as the metals and mining sector of the Russian Federation economy, and 22 individuals and 83 entities. [1]
The US Department of Commerce will take new actions to restrict exports of US materials and technologies to Russia, blocking many companies in Russia and allied countries like China from purchasing materials like semiconductors, and will take new steps to block materials from Iranian drones from being used by the Russian military.[2]
President Biden is also expected to sign proclamations raising tariffs on certain Russian imports to the US.[3] The actions will affect more than 100 Russian metals, minerals and chemical products, the White House said, with the goal of slashing revenue for Russia and reducing US reliance on those imports.[4]
The US State Department imposed sanctions on a number of Russian officials, including Deputy Prime Minister Tatyana Golikova and her husband, former Deputy Prime Minister Viktor Khristenko. The new sanctions will also affect 47 regional governors, nine government ministers, the propagandist Olga Skabeeva, and 1,219 military service members.[5]
The US State Department has taken action to impose sanctions on multiple Russian officials and companies linked to the war in Ukraine. Furthermore, US Secretary of State Antony Blinken declared that visa restrictions will be imposed on 1,219 members of the Russian military, including officers, in response to any actions that put the sovereignty, territorial integrity, or political independence of Ukraine in danger.
0. “Russia's War in Ukraine Latest News Updates: February 23, 2023” Bloomberg, 24 Feb. 2023, https://www.bloomberg.com/news/articles/2023-02-23/ukraine-latest-germany-outlines-peace-steps-russia-suspends-nuclear-pact
1. “U.S. rolls out new aid for Ukraine, sanctions for Russia one year into war” CBS News, 24 Feb. 2023, https://www.cbsnews.com/news/us-new-aid-for-ukraine-sanctions-for-russia-one-year
2. “U.S. Delivers More Russia Sanctions 1 Year Into War—Here’s What You Need To Know” Forbes, 24 Feb. 2023, https://www.forbes.com/sites/alisondurkee/2023/02/24/us-delivers-more-russia-sanctions-1-year-into-war-heres-what-you-need-to-know/
3. “U.S. hits Russia with new sanctions one year after Ukraine invasion” Axios, 24 Feb. 2023, https://www.axios.com/2023/02/24/us-sanctions-russia-ukraine-invasion
4. “White House announces additional Russia sanctions, Ukraine aid on anniversary of invasion” The Hill, 24 Feb. 2023, https://thehill.com/homenews/administration/3872123-white-house-announces-additional-russia-sanctions-ukraine-aid-on-anniversary-of-invasion
5. “U.S. introduces new sanctions on Russia on anniversary of the invasion of Ukraine” Meduza, 24 Feb. 2023, https://meduza.io/en/news/2023/02/24/u-s-introduces-new-sanctions-on-russia-on-anniversary-of-the-invasion-of-ukraine
