Washington Announces Broad New Package Of Russia Sanctions

The US Departments of Treasury and State have announced a wide-ranging new package of sanctions on the Russian Federation designed to restrict access to battlefield supplies and impede Moscow's ability to generate revenue.

• According to the Treasury Department, the measures will, "inhibit Russia’s access to products that support its military...; reduce Russia’s revenue from the metals and mining sector; undermine its future energy capabilities; degrade Russia’s access to the international financial system; and starve Russia of G7-produced technology..."
• Deputy Treasury Wally Adeyemo said: “Today’s actions represent another step in our efforts to constrain Russia’s military capabilities, its access to battlefield supplies, and its economic bottom line.”
• Among the newly sanctions entities are a number of Kyrgyz Republic and UAE based concerns which have facilitated tech exports to Russia.
• Four Russian banks, including Tinkoff Bank, have been added to the list of sanctions financial institutions.
• Ural Mining and Metallurgical Company, one of Russia's top producers of copper, zinc, gold, and silver, and a number of other Russian mining firms have been sanctioned, "to limit Russia’s revenue from its metals industries and to limit Russia’s future energy capabilities."