By FATIMA HUSSEIN (Associated Press)
WASHINGTON (AP) — The Biden administration hit a whole bunch of individuals and companies, from Russia to China to Turkey and the United Arab Emirates, with financial and diplomatic sanctions Tuesday because the U.S. targets third-country contributors which can be equipping Russia’s invasion of Ukraine.
The newest spherical of sanctions landed as Ukrainian President Volodymyr Zelenskyy is visiting Washington to make an attraction for extra monetary help as his nation fights off the Russian invasion that can enter its third yr in February.
The monetary penalties have made Russia probably the most sanctioned nation on the planet however have but to ship a knockout punch to Russia’s economic system.
Tuesday’s sanctions package deal targets a multinational weapons procurement community led by Chinese nationwide Hu Xiaoxun, his China-based personal protection firm Jarvis HK Co., and a community of associates that coordinate the sale of Chinese-manufactured weapons and parts to Russia.
A consultant from Jarvis didn’t instantly reply to an Associated Press request for remark.
Additionally, a bunch of Turkey, UAE and Maldives-based companies concerned within the weapons manufacturing course of are focused for financial sanctions.
“The Kremlin has steadily turned Russia into a wartime economy, but Putin’s war machine cannot survive on domestic production alone,” mentioned Treasury Secretary Janet Yellen.
“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.”
Along with sanctioning gold producers and munitions shippers, the State Department is sanctioning three entities concerned within the growth of Russia’s Ust-Luga Liquified Natural Gas terminal, which is presently beneath building, and set to be operated by a Russian majority state-owned multinational vitality agency Gazprom and Russian vitality agency RusGazDobych.
The U.S. and its allies “are united in our continued support of Ukraine in the face of Russia’s unprovoked, unjustified, and illegal war,” Secretary of State Antony Blinken mentioned in a press release.
“We will continue to use the tools at our disposal to promote accountability for Russia’s crimes in Ukraine and those who finance and support Russia’s war machine.”
The sanctions block entry to U.S. property and financial institution accounts and stop the focused individuals and firms from doing enterprise with Americans.
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AP Diplomatic Writer Matthew Lee contributed to this report.
Source: www.bostonherald.com”