Current:Home > MyThe US sanctions more foreign firms in a bid to choke off Russia’s supplies for its war in Ukraine -WealthMindset Learning
The US sanctions more foreign firms in a bid to choke off Russia’s supplies for its war in Ukraine
View
Date:2025-04-14 09:47:59
WASHINGTON (AP) — The United States on Thursday imposed a new round of sanctions on 130 firms and people from Turkey, China and the United Arab Emirates in an effort to choke off Russia’s access to tools and equipment that support its invasion of Ukraine.
The sanctions imposed by Treasury Department’s Office of Foreign Assets Control target third-party firms and people alleged to assist Moscow in procuring equipment needed on the battlefield, including suppliers and shippers. In addition, the State Department imposed diplomatic sanctions targeting Russian energy production and its metals and mining sector.
Thursday’s sanctions targets include Turkish national Berk Turken and his firms, which are alleged to have ties to Russian intelligence. The Treasury Department said Turken’s network arranged payments and shipping details designed to bypass sanctions and move goods from Turkey to Russia.
A series of United Arab Emirates firms alleged to have shipped aviation equipment, machines for data reception and more also were sanctioned. And UAE-based ARX Financial Engineering Ltd. was sanctioned for allegedly being involved in finding ways for Russian rubles to be sent from sanctioned Russian bank VTB Bank and converted to U.S. dollars.
Turken and a representative from ARX were not immediately available for comment on Thursday.
Treasury Secretary Janet Yellen said Russia “is dependent on willing third-country individuals and entities to resupply its military and perpetuate its heinous war against Ukraine and we will not hesitate in holding them accountable.”
“Today’s actions demonstrate our further resolve in continuing to disrupt every link of Russian military supply chain, and target outside actors who would seek to support Russia’s war effort,” she said in a statement.
The latest sanctions build on the thousands of financial penalties imposed on Russian infrastructure and its officials, banks and oligarchs.
Along with imposing individual sanctions, the U.S. and allies have frozen Russian Central Bank funds, restricted Russian banks’ access to SWIFT — the dominant system for global financial transactions — and imposed a $60-per-barrel price cap on Russian oil and diesel.
And after nearly two years of war, the allied nations are still aiming at new targets for financial penalties that block, freeze and seize access to international funds.
Russian President Vladimir Putin asserted the attack on Ukraine was needed to protect civilians in eastern Ukraine — a false claim the U.S. had predicted he would make as a pretext for an invasion. He accused the U.S. and its allies of ignoring Russia’s demand to prevent Ukraine from joining NATO and offer Moscow security guarantees.
veryGood! (44)
Related
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- Nicaragua is ‘weaponizing’ US-bound migrants as Haitians pour in on charter flights, observers say
- Olympic gold medalist Tara Lipinski and husband Todd Kapostasy welcome baby via surrogate
- Ozempic for kids? Pharma manufactures test weight loss drugs for children as young as 6
- DoorDash steps up driver ID checks after traffic safety complaints
- The Walking Dead's Erik Jensen Diagnosed With Stage 4 Colon Cancer
- Why Derick Dillard Threatened Jill Duggar's Dad Jim Bob With Protective Order
- A poison expert researched this drug before his wife died from it. Now he's facing prison.
- The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
- Bee pollen for breast growth went viral, but now TikTokers say they're paying the price
Ranking
- A White House order claims to end 'censorship.' What does that mean?
- Can the Latest $10 million in EPA Grants Make a Difference in Achieving Chesapeake Bay Restoration Goals?
- Mother of Muslim boy stabbed to death in alleged hate crime issues 1st remarks
- Diamondbacks stun Phillies 4-2 in Game 7 of NLCS to reach first World Series in 22 years
- Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
- Snow hits northern Cascades and Rockies in the first major storm of the season after a warm fall
- Love Spielberg movies? Check out never before seen images from his first decade of films
- Lil Wayne wax figure goes viral, rapper seemingly responds: 'You tried'
Recommendation
Louvre will undergo expansion and restoration project, Macron says
Israel's war on Hamas sees deadly new strikes in Gaza as U.S. tries to slow invasion amid fear for hostages
Florida officials ask US Supreme Court to block rulings limiting anti-drag show law
Things to know about the NBA season: Lots of money, lots of talent, lots of stats
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
Facing dementia without a diagnosis is crushing. A new program in Kenya offers help
Longshot World Series: Diamondbacks vs Rangers is a Fall Classic few saw coming
Bobi, the world's oldest dog, dies at 31