New US sanctions target Russian military firms and foreign companies involved in sanctions evasion

The US has once again punished the Russian military-industrial complex and companies that help Russia evade sanctions imposed for Moscow’s war against Ukraine.

The U.S. Treasury Department announced sanctions against more than 150 individuals and entities involved in Russia’s evasion of restrictions and strengthening of its military-industrial complex.

This is stated in a statement issued by the U.S. Treasury Department.

The sanctions are aimed at stopping the activities of individuals, legal entities, and networks in third countries that facilitate the sale of key technologies, equipment, and resources for the Russian military-industrial base.

Dozens of companies in Turkey, the United Arab Emirates, China, Switzerland, Singapore, Kyrgyzstan, Tajikistan, and the Maldives were subject to these sanctions imposed for helping Russia in sanctions evasion.

“The Kremlin has steadily turned Russia into a wartime economy, but Putin’s war machine cannot survive on domestic production alone. Our sanctions today continue to tighten the vise on willing third-country suppliers and networks providing Russia the inputs it desperately needs to ramp up and sustain its military-industrial base.”

Janet L. Yellen, US Secretary of the Treasury

New US sanctions target Lancet’s developer and Putin’s gas project in Siberia. New package of US sanctions targets Russian companies involved in the import, manufacture, modification, and sale of defense and industrial technologies, drones, machines, parts, materials, and components. These include, among others, the Izhevsk Electromechanical Plant Kupol, Plaz LLC, Aerocon NPK, and dozens of other companies.

Finally, the US Treasury imposed sanctions on Russian banks Expobank and Metallurg, the United Investment Group investment company, and Signal Invest, which allowed Russia to maintain its connection to the international financial system.

At the same time, the U.S. Department of State is imposing sanctions on more than 100 entities and individuals, including those evading sanctions in third countries, that are involved in assisting Russia in its war against Ukraine and responsible for strengthening Russia’s future energy production and export capabilities.

Earlier on Tuesday, the Ministry of Foreign Affairs of Canada announced sanctions against 30 Russian citizens for their involvement in the fake “elections” held on September 8–10, 2023, in the Russian-occupied territories of Ukraine.

Last week, the U.S. Treasury Department announced sanctions against a network of companies associated with Belgian businessman Hans De Geeterre (owns firms based in Cyprus), who had been supplying electronics for military equipment to Russia in order to circumvent sanctions.