US officials announced new sanctions against Russia punishing companies in China

 


U.S. officials on Wednesday announced new sanctions aimed at crippling Russia's military and industrial capabilities, punishing companies in China and elsewhere that help Moscow acquire weapons for its war in Ukraine.

In a sweeping package announced by the US Treasury Department, Washington targeted nearly 300 entities in Russia, China and other countries accused of supporting President Vladimir Putin's invasion.

"Treasury has consistently warned that companies will face significant consequences for providing material support to Russia's war," Treasury Secretary Janet Yellen said in a statement.

"Today's actions will further disrupt and degrade Russia's war efforts by attacking its military industrial base and the evasion networks that help supply it."

The latest wave of sanctions came a week after US President Joe Biden signed a long-delayed bill to provide new funding to Ukraine as Kiev's military struggles to slow Russian advances.

“Even as we pour sand into the gears of Russia's war machine, the National Security Supplement recently approved by President (Joe) Biden is providing much-needed military, economic and humanitarian support to bolster Ukraine's brave resistance.” Yellen said.  /IP

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