U.S. imposes new sanctions on Russia ahead of Ukraine's Independence Day

The U.S. Department of the Treasury announced this on its website.

“Russia has turned its economy into a tool in service of the Kremlin’s military-industrial complex. Treasury’s actions today continue to implement the commitments made by President Biden and his G7 counterparts to disrupt Russia’s military-industrial base supply chains and payment channels,” said Deputy Secretary of the Treasury Wally Adeyemo. “Companies, financial institutions, and governments around the world need to ensure they are not supporting Russia’s military-industrial supply chains.”

The sanctions list includes over 100 individuals and entities across 16 countries, including China, Switzerland, Türkiye, and the United Arab Emirates.

It also targets more than 60 Russia-based technology and defense companies that are critical for the sustainment and development of Russia’s defense industry.

“These sanctions target Russia’s defense industry while protecting the access by Russian citizens to crucial telecommunications and other digital technology,” the statement reads.

The new sanctions list also covers Russian military research institutes, UAV manufacturers, and companies that support the Russian military-industrial complex. It includes their owners and management as well.

The expanded sanctions list includes:

• Russian Companies:

1. Evraz KGOK, Evraz NTMK, Evraz ZSMK, and Evraz Vanadi Tula: these companies are involved in the metallurgical and mining sectors of the Russian economy.
2. MTS Red: this company specializes in computer programming, information security, and protection against DDoS attacks.
3. SDS Ugol, Mechel Mining Management Company, Stroyservis JSC: some of the largest coal exporters from Russia.
4. Subsidiaries of Rosatom: included for their role in the Russian energy sector.

• Individuals:

1. Pavel Belousov and Evgenia Belousova: the son and wife of the Russian Defense Minister.

On August 23, it was reported that U.S. President Joe Biden's administration is preparing to announce a new $125 million military aid package for Ukraine.