U.S. expands sanctions on Russia

On the anniversary of Russia’s military conflict in Ukraine, the United States has significantly expanded its sanctions lists, targeting both Russian and foreign companies and individuals. The U.S. Treasury has added 83 legal entities and 22 individuals to its sanctions lists. The sanctions are aimed at the metallurgical and mining complexes, and the restrictions include IT companies, financial organizations, research centers, and enterprises related to the aerospace industry. Several foreign organizations from Singapore, Malta, and Cyprus were also targeted. The Office of Foreign Assets Control (OFAC) has listed 22 vessels associated with Russian companies.

 

From March 10, 2023, U.S. President Joe Biden ordered a 200% duty on the import of aluminum products manufactured in Russia, and from April 10, if the products were made from Russian raw materials.

 

The U.S. Department of Commerce also introduced updates to the sanctions list, including the designation of 76 Russian companies for supporting the Russian military-industrial complex, the Skolkovo Foundation, Skoltech, Kamaz, the Aviation Complex named after S.V. Ilyushin, and the Federal Service for Military-Technical Cooperation, among others.

 

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