U.S. sanctions hit over 120 targets supporting Russia's invasion of Ukraine

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The United States imposed sanctions on over 120 targets to squeeze Russia for its war in Ukraine, pursuing entities linked to state-held energy company Rosatom and firms based in partner nations like Turkey in a sign of stepped-up enforcement

The sanctions, imposed by the Treasury and State departments in concert with Britain, hit entities and individuals in over 20 nations and jurisdictions, including a Russian private military company, a China-based firm and a Russian-owned bank in Hungary.

One of the main targets was Russian billionaire businessman Alisher Usmanov, whom the Treasury described as having "at his disposal a wide network of businesses in financial safe havens and family members through which to conduct financial transactions, enabling him to potentially circumvent sanctions."

"The United States will continue to take action against Russia and those supporting its war in Ukraine," Secretary of State Antony Blinken said in a statement, saying it was in keeping with the Group of 7’s "commitment to impose severe consequences on third country actors who support Russia's war in Ukraine."

The Treasury also targeted King-Pai Technology HK Co, Ltd, which it said is a China-based supplier for multiple entities in Russia's military-industrial complex. Eurasia Group analyst Clayton Allen said sanctioning Turkish firms signaled U.S. partner nations were not immune from U.S. action. The inclusion of Megafon, one of Russia's big four telecoms operators, marks a shift as Western sanctions have so far stopped short of targeting Russia's telecoms infrastructure.

 

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Biden is losing in Ukraine and in the world. He’s really terrible at this stuff.

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