The United States announced plans to impose sanctions on over 500 entities involved in Moscow’s ongoing conflict in its neighboring country, marking a significant effort to target “Russia, its enablers, and its war machine.”
The Treasury Department revealed the move on Thursday, signaling a determined stance by Washington to confront Russia’s actions in Ukraine.
Set to be rolled out on Friday, these upcoming sanctions represent the largest single tranche since Russian President Vladimir Putin’s further invasion of Ukraine.
Jointly issued by the Treasury and State Department, the sanctions aim to undermine Russia’s ability to sustain its military operations.
Efforts to pressure Moscow economically have escalated since Russia’s invasion in February 2022, with measures targeting key sectors such as revenue streams and the military-industrial complex.
Recent actions include implementing a price ceiling on Russian oil exports, with plans to tighten compliance indicating a concerted effort to isolate Russia further.
These sanctions coincide with the recent death of Kremlin opposition leader Alexei Navalny, prompting US President Joe Biden to reaffirm plans for sanctions, directly targeting Putin in response to Navalny’s death.
The US government unsealed charges against wealthy Russians, part of efforts to disrupt illegal funding sustaining Moscow’s war effort.
Additionally, the White House signaled intentions to impose further sanctions on Iran over its support for Russia’s invasion of Ukraine, warning of action if Iran were to sell ballistic missiles to Russia.
