US imposes new sanctions on Russia on anniversary of full-scale invasion

The White House statement said the sanctions were imposed by the US Treasury and State Departments in coordination with G7 partners and allies. The purpose of the restrictions, which will affect key revenue-generating sectors of the Russian Federation, is to further degrade Russia's economy and reduce its ability to wage war against Ukraine.

The sanctions list includes more than 200 individuals and legal entities from Russia and third countries in Europe, Asia and the Middle East who support the military actions of the terrorist state against Ukraine.

“We will sanction additional actors tied to Russia’s defense and technology industry, including those responsible for backfilling Russian stocks of sanctioned items or enabling Russian sanctions evasion,” the statement says. 

The United States also plans to expand its sanctions powers to the metallurgical and mining sectors of Russia.

A number of export control measures are also planned to be introduced today. Thus, almost 90 companies from Russia and third countries will be included in the list of legal entities that evade sanctions and are involved in activities in support of the Russian defense sector. This applies primarily to China. The companies added to the lists will not be able to purchase goods made in the United States or that require certain American technologies or software to be produced abroad.

In addition, measures will be coordinated for industrial equipment, luxury goods, and other goods. New restrictions will also be introduced to prevent the use of components found in Iranian UAVs on the battlefield in Ukraine.

Today, US President Joe Biden will sign executive orders to raise prices for a number of Russian goods imported into the country, including metals, minerals, and chemicals. This will primarily affect key Russian goods that generate revenue for the aggressor country while reducing US dependence on Russia. Prices will increase by about USD 2.8 billion for Russia.

“These sanctions, export controls, and tariffs are part of our ongoing efforts to impose strong additional economic costs on Russia. We will continue to work with our allies and partners to use all economic tools available to us to disrupt Russia’s ability to wage its war and degrade its economy over time,” the statement says. 

• On February 24, the UK published an expanded list of Russian citizens under sanctions and banned the export of all goods used by Russia at the front.

• Also on this day, it became known that the Australian government would send drones to Ukraine and expand sanctions against Russia: 90 Russian citizens and 40 organizations, including five deputy prime ministers and Patriarch Kirill, were on the list.

• On February 24, New Zealand also imposed its largest sanctions against Russia. The restrictions include 87 politicians and military personnel.