The Power Within: The Kyiv Independent’s first-ever magazine. Be among the first to get it.

pre-order now
Skip to content
Edit post

US targets around 400 individuals, entities in Russia, third countries in new sanctions package

by Kateryna Denisova August 23, 2024 7:00 PM 2 min read
The U.S. Treasury building in Washington, DC, US, on March 13, 2023. (Al Drago/Bloomberg via Getty Images)
This audio is created with AI assistance

The U.S. imposed new sanctions on Aug. 23 against nearly 400 companies and individuals in Russia and third countries for aiding Moscow's war effort, the Treasury Department announced.

A number of Chinese companies were included in the list.

Western countries have imposed extensive economic restrictions against Moscow over its full-scale invasion of Ukraine, seeking to curb its budget revenue and prevent it from obtaining key technologies needed for the war effort.

The U.S. Treasury Department imposed sanctions on around a dozen distinct networks, designating more than 100 targets across 16 jurisdictions, including China, Switzerland, Turkey, and the United Arab Emirates. They help Russia to evade sanctions, the Treasury said.

The sanctions also include more than 60 Russia-based technology and defense companies that are critical for the development of Russia’s defense industry, according to the Treasury statement.

"Russia has turned its economy into a tool in service of the Kremlin’s military industrial complex... Companies, financial institutions, and governments around the world need to ensure they are not supporting Russia’s military-industrial supply chains," Deputy Secretary of the Treasury Wally Adeyemo said.

The U.S. also target Russia’s chemical and biological weapons programs as well as entities involved in Russia’s metals and mining sector.

In July, the U.S. Treasury Department applied sanctions on two members of the Russian hacktivist group Cyber Army of Russia Reborn (CARR).

Kyrgyzstan’s major bank suspends transfers via sanctioned Russian banks
“Money transfers through Russian banks, including Sberbank, Tinkoff, and MTS, have been suspended in both directions. This service is unavailable indefinitely,” the bank’s statement read.

News Feed

7:23 PM  (Updated: )

US Cardinal Robert Prevost elected Pope Leo XIV.

U.S. Cardinal Robert Prevost was elected the new pope and leader of the Roman Catholic Church on Thursday, taking the name Pope Leo XIV, a senior cardinal announced on May 8 to crowds gathered in St. Peter’s Square, according to Vatican News.
5:52 PM

What Putin won’t tell you about Russia’s ‘Victory Day.’

The Kyiv Independent’s Chris York sat down with author, historian, and Russia’s Victory Day celebrations on May 9, which mark the Soviet Union’s role in defeating Nazi Germany in World War II, are one of the country’s biggest public events of the year. President of the Ukrainian Society of Switzerland Andrej Lushnycky who sheds some light on the things Putin would rather you didn’t know about World War II.
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.