Ukraine War News: U.S. Hits Russian Oligarchs and Companies With New Sanctions

Credit…Leon Neal/Getty Images

WASHINGTON — The State Department on Tuesday introduced a significant new spherical of sanctions on dozens of Russian firms and people to additional punish Moscow for its invasion of Ukraine, together with oligarchs near President Vladimir V. Putin and know-how establishments with ties to Russia’s navy.

“As Ukrainians continue to valiantly defend their homeland in the face of President Putin’s brutal war, Russia’s elite are running massive revenue-generating companies and funding their own opulent lifestyles outside of Russia,” Secretary of State Antony J. Blinken mentioned in a press release saying the measures.

Many of the brand new targets on the brand new State Department listing, or on a listing introduced by the Treasury Department on Tuesday, are already beneath sanctions imposed by the European Union and Britain. One is Alina Kabaeva, a former Olympic gymnast and member of the Russian Duma lengthy believed to be Mr. Putin’s romantic associate.

The transfer blocks Ms. Alina from entry to any property within the United States or conducting transactions with Americans, and it denies her a visa to enter the United States.

Other new targets embrace a number of billionaires: Dmitry Pumpyanskiy, the chairman of a Russian metal producer; Andrey Melnichenko, the founding father of fertilizer and coal firms; and Alexander Ponomarenko, a businessman who has “close ties to other oligarchs and the construction of Vladimir Putin’s seaside palace,” Mr. Blinken mentioned.

Also coated beneath the brand new measures are two dozen of Russia’s “most important defense-related research and development institutions, semiconductor producers, and advanced computing and electronics entities,” Mr. Blinken mentioned. They embrace the Moscow Institute of Physics and Technology, which has developed drones and different gadgets for Russia’s navy.

Mr. Putin has “repeatedly underscored his concerns about Russia’s access to microelectronics,” a State Department reality sheet mentioned, asserting that the brand new measures would deal a contemporary blow to Russia’s warfare machine.

Daniel Fried, a former coordinator for U.S. sanctions coverage within the Obama administration, referred to as the brand new measures “a solid piece of work,” saying that the actions towards high-tech entities had been particularly vital.

He additionally mentioned that consultants on Russia and sanctions took notice of the measures towards Mr. Putin’s reputed romantic associate. “Many of us smiled when we saw Kabaeva,” he mentioned.

Mr. Fried urged the Biden administration to redouble its efforts to impose a extra consequential world cap on the acquisition value of Russian oil, which might deprive the Kremlin of billions of {dollars} in income. Leaders of the Group of Seven mentioned such a cap at a gathering in Germany in late June, however no however haven’t introduced a concrete plan.

“They need to deliver — it’s been a month,” he mentioned. “They need something effective to eat into Putin’s income. This package is good, but the need requires even more.”

Also on the brand new U.S. listing is the Joint Stock Company State Transportation Leasing Company, a state-owned enterprise that the State Department recognized as Russia’s largest transportation leasing firm, and 4 of its subsidiaries.

And the State Department will impose visa restrictions on one other 893 Russian authorities officers, for hostile actions towards Ukraine, together with 31 overseas authorities officers who’ve supported Russia’s claims to Ukrainian territory, Mr. Blinken mentioned.

Mr. Blinken mentioned the United States was additionally imposing sanctions on 4 males and one group for “illegitimately operating in Ukraine’s territory in collaboration with Russia.” One of the 4 is Kostyantyn Ivashchenko, whom U.S. officers referred to as “the illegitimate mayor of Russia-controlled Mariupol.”

The group singled out by American officers is the Salvation Committee for Peace and Order, which the State Department mentioned was established in Ukraine’s Kherson area to assist Moscow’s efforts to grab management there.

Among the Treasury Departments sanction targets are three “Kremlin-connected elites.” They embrace Andrey Guryev, “a known close associate” of Mr. Putin who owns Witanhurst, a 25-bedroom mansion and grounds mentioned to be the second-biggest residential property in London, after Buckingham Palace, the division mentioned in a information launch.

The Treasury Department additionally positioned sanctions on Mr. Guryev’s yacht, the Alfa Nero, which he reportedly bought for $120 million in 2014. The division mentioned the Alfa Nero had reportedly shut off its location-tracking system.


Please enter your comment!
Please enter your name here

Popular Posts

China extends EV tax break; Li Auto shares fall after delivery outlook cut

Li Auto warned that "supply chain constraint" would imply the corporate will ship fewer vehicles than anticipated within the third quarter. Meanwhile, China has...

Sterling hits record low against the greenback, as Asia-Pacific currencies also weaken

The British pound plunged to a record low on Monday morning in Asia, following final week's announcement by the new U.Okay. authorities that it could implement...

The pound-dollar rate hits all-time low

The Great British pound sterling has fallen to the bottom degree ever in opposition to the United States greenback. In a flurry of in...

Buyers are paying ‘properly above sticker’

Forget getting a deal; lately, anybody out there for a brand new automotive may pay 1000's over the sticker value earlier than they drive...

Brent crude slides below $85 a barrel as dollar surges

An aerial view of Phillips 66 oil refinery is seen in Linden, New Jersey, United States.Tayfun Cosku | Anadolu Agency | Getty ImagesBrent crude...