Skip to content
This audio is created with AI assistance

The U.S. introduced an additional package of sanctions against Russia on Feb. 24, targeting banks and key suppliers of the Russian military sector, according to a statement published by the White House.

Restrictions will be imposed on more than 200 individuals and entities within Russia and worldwide "to further degrade Russia's economy and diminish its ability to wage war against Ukraine."

Under the new package, the U.S. and its partners in the Group of Seven (G7) will sanction a dozen Russian financial institutions, as well as Russian officials and Moscow-installed proxies illegally operating in occupied Ukrainian territories.

According to the statement, the U.S. government will also target actors helping Russia to fill its military stocks by evading restriction measures, the metallurgical and mining sectors of the Russian economy as well as Russia's future energy capabilities.

In addition, the U.S. Commerce Department will implement a series of export restrictions, including about 90 Russian and third-country companies on the list of entities involved in sanctions evasion and activities supporting the Russian military sector.

"These listings will prohibit the targeted companies from purchasing items, such as semiconductors, whether made in the U.S. or with certain U.S. technology or software abroad," the White House wrote.

On Feb. 24, U.S. President Joe Biden will reportedly sign decrees on raising tariffs on certain Russian goods imported into the U.S.

"These measures are designed to target key Russian commodities generating revenue for the Kremlin while reducing U.S. reliance on Russia," the Biden administration added.

US announces new $2 billion defense aid package for Ukraine

News Feed

5:15 AM

Media identifies nearly 85,000 Russian soldiers killed in Ukraine.

According to the outlets' conclusions for the year, 2024 will likely mark the "war's deadliest year," with a current count of over 20,000 deaths confirmed over the past 12 months — although final conclusions cannot yet be made as data on casualties continues to emerge.
11:17 PM

Zelensky meets with CIA director in Kyiv.

President Volodymyr Zelensky said on Dec. 21 that he met with CIA Director William Burns in Ukraine, marking a rare public acknowledgment of their discussions during Russia’s full-scale invasion.
4:16 AM

IMF approves $1.1 billion in funding for Ukraine.

The IMF approved the $1.1 billion tranche after completing its sixth review of the Extended Fund Facility (EFF), a plan to provide Ukraine with over $15 billion in budget support over four years.
MORE NEWS

Editors' Picks

Enter your email to subscribe
Please, enter correct email address
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
Subscribe
* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required
Subscribe
* indicates required
Explaining Ukraine with Kate Tsurkan
* indicates required
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.