Current:Home > NewsThe 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 19:05:48
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! (46)
Related
- John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
- South Carolina, UConn celebrate NCAA championships at White House with President Biden
- Will the Emmys be the ‘Shogun’ show? What to expect from Sunday’s show
- Pregnant Margot Robbie’s Pal Shares How She’ll Be as a Mom
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- The Oklahoma Supreme Court denies a request to reconsider Tulsa Race Massacre lawsuit dismissal
- Pregnant Margot Robbie’s Pal Shares How She’ll Be as a Mom
- Evan Ross Shares Insight Into “Chaos” of Back to School Time With His and Ashlee Simpson’s Kids
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
- USMNT introduces new head coach Mauricio Pochettino, who will lead team to 2026 World Cup
Ranking
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- Girl, 3, dies after being found in a hot car in Southern California, and her mother is arrested
- Taylor Swift and Brittany Mahomes hugged. Then the backlash. Here's what it says about us.
- US consumer watchdog finds that school lunch fees are taking a toll on parents
- Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
- Judge allows a man serving a 20-year prison sentence to remain on Alaska ballot
- Abortion-rights measure will be on Missouri’s November ballot, court rules
- ‘Hellish’ scene unfolds as wildfire races toward California mountain community
Recommendation
'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
Kate Gosselin’s Son Collin Accuses Her of Tying Him Up, Keeping Him in Family’s Basement
Free People’s Sale Is Too Good To Be True—Snag Boho Styles Starting at $29 & More Finds up to 70% Off
New Hampshire performs Heimlich maneuver on choking man at eating contest: Watch video
IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
Hallmark+ hatches 'The Chicken Sisters': How to watch, changes from book
Flash flood sweeps away hamlet as Vietnam’s storm toll rises to 155 dead
A day that shocked the world: Photos capture stunned planet after 9/11 terror attacks