The US Treasury Department said that Russia has shifted the production of technology, equipment and other goods needed by the military to other countries, relying on suppliers from other countries.
“Russia depends on willing third-party individuals and entities to supply its military and continue its horrific war against Ukraine, and we will not hesitate to hold them accountable,” Treasury Secretary Janet Yellen said in a statement.
In February 2022, Russia invaded neighboring Ukraine, sparking the biggest conflict in Europe since World War II.
On Thursday, the Treasury Department added that Russia enjoys “otherwise legitimate economic relationships” with other countries.
It said entities in China, Turkey and the UAE sent dual-use goods to Russia, such as critical components used by Moscow in its weapons systems.
The latest sanctions include 130 new targets.
They include Turkish national Berk Turken for his role in a procurement network linked to Russian intelligence services, as well as a UAE-based network for alleged involvement in illegal Russian financing, the department said.
The sanctions also target Russia’s domestic industrial base, which Moscow claims has reoriented it to “sustain the war machine.”
Another area is the financial services sector: sanctions have been imposed on seven banks located in Russia.
In addition to the Treasury Department, the US State Department also announced nearly 100 sanctions targeting areas such as Russia’s future energy production and revenues, the metals and mining sector, and defense procurement.
In a separate statement Thursday, the Commerce Department said it had blacklisted 13 entities that support the Russian military by acquiring, developing and distributing Russian drones.
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#imposed #sanctions #Turkish #Chinese #UAE #companies #fomenting #war #Ukraine
2024-10-08 11:58:34
Analysis: Russia’s Shifting Military Production and the US Response
The recent statement from the US Treasury Department has shed light on Russia’s tactics to circumvent sanctions and continue its military aggression against Ukraine. According to the Department, Russia has shifted the production of technology, equipment, and other goods needed by its military to other countries, relying on suppliers from these countries [1]. This move is a clear attempt to bypass the sanctions imposed by the US and other countries in response to Russia’s invasion of Ukraine.
Treasury Secretary Janet Yellen’s statement underscores the US government’s commitment to holding accountable those who facilitate Russia’s military actions. She emphasized that Russia depends on “willing third-party individuals and entities” to supply its military and that the US will not hesitate to take action against them [2].
The US has indeed taken significant steps to impose sanctions and export controls on Russia since the invasion of Ukraine in February 2022. These measures have expanded significantly over time, targeting various sectors of the Russian economy [1]. The Treasury Department’s Office of Foreign Assets Control (OFAC) has also published Sanctions Brochures, which provide an overview of the regulations regarding Ukraine-/Russia-related sanctions [2].
In a related development, the European Council has established a new framework for restrictive measures in response to Russia’s destabilizing actions abroad [3]. This move demonstrates the international community’s resolve to hold Russia accountable for its actions.
the US Treasury Department’s statement highlights Russia’s attempts to evade sanctions and continue its military aggression against Ukraine. The US government’s commitment to holding accountable those who facilitate Russia’s military actions is a crucial step in maintaining pressure on Russia to cease its aggression. As the international community continues to respond to Russia’s actions, it is essential to remain vigilant and adapt to the evolving situation.
References:
[1] – US Department of Commerce, International Trade Administration. “Russia Sanctions and Export Controls”.
[2] – US Department of the Treasury, Office of Foreign Assets Control. “Ukraine-/Russia-related Sanctions”.
[3] – European Council. “Russia: EU sets up new framework for restrictive measures against those responsible for destabilising activities against the EU and its Member States”.
