(Washington DC) – The United States has implemented a new, extensive package of sanctions against Russia, targeting approximately 400 entities associated with the country’s energy, metallurgical, and financial sectors. This move represents a significant escalation in economic pressure as tensions between the two nations continue. The sanctions also include restrictions on suppliers of dual-use goods and intermediaries from various countries who have been facilitating Russia’s efforts to bypass existing sanctions.
Among the key entities targeted by these sanctions are Ekropromstroy LLC, a subsidiary of Novatek with significant interests in the Arctic LNG-2 project, and Mezhregionstroy LLC, which is involved in constructing facilities for Rosneft’s Vostok Oil project. Additionally, PJSC Yakutsk Fuel and Energy Company (YTEK), a major player in the LNG Yakutia project, has been sanctioned. The list also includes some of Russia’s largest coal exporters, such as SDS Ugol, Mechel Mining Management Company, and Stroyservice JSC, along with two subsidiaries of the state nuclear energy corporation Rosatom.
The sanctions extend to Russian military research institutes and manufacturers of unmanned aerial vehicles and electronics, all of which are integral to Russia’s military-industrial complex. These entities, along with their owners and management teams, are now subject to strict U.S. sanctions.
Furthermore, the sanctions target intermediaries from the UAE, Hong Kong, Turkey, Kazakhstan, Kyrgyzstan, and China, who have been supplying microelectronics to Russia. These intermediaries have played a crucial role in helping Russia circumvent previous sanctions by providing goods worth millions of dollars.
In an additional move, the U.S. is tightening export controls to Russia and Belarus, specifically restricting access to computer numerical control (CNC) software for companies in these countries. This step is part of broader efforts to hinder Russia’s ability to sustain its military-industrial complex.
Andriy Yermak, head of the Office of the President of Ukraine, highlighted that 131 companies from Russia, China, Iran, Turkey, the UAE, and Kazakhstan, among others, have been added to the list of entities subject to stringent export licensing requirements. These companies are suspected of violating sanctions and supporting Russia’s military efforts.
This latest round of sanctions also targets networks involved in supplying Western components to the manufacturer of Sukhoi fighter jets, further tightening the screws on Russia’s defense industry.
In a related development, the EU Council has extended its economic sanctions against Russia for another six months, until January 31, 2025. These sanctions cover various sectors, including trade, finance, and transportation, as the EU and its allies continue to exert pressure on Russia in response to its actions in Ukraine.
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