Expansion of US Treasury Sanctions Targets Russian War Economy for Disruption
On Wednesday, the U.S. Treasury Department announced over 300 new sanctions aimed at increasing pressure on Russia amidst its ongoing war with Ukraine.
These measures, aligned with G7 commitments, focus on entities and individuals globally to weaken Russia’s military-industrial base. They include restrictions on U.S. software and IT services, along with limiting foreign financial support. Additionally, the sanctions target transnational networks involved in laundering Russian-origin gold through fiat currency and cryptocurrencies.
Through blocking significant transactions and updating the Specially Designated Nationals and Blocked Persons List, the U.S. seeks to limit Russia’s revenue streams and reduce its dependence on foreign technology and equipment, thereby isolating its war economy further.
Clever Robot News Desk 15th June 2024
