The US Treasury Department announced on Wednesday that it is re-designating about 100 businesses as restrictions and imposing sanctions on 15 fresh businesses, as well as expanding the list of sanctions against those supporting Russia’s war efforts in Ukraine.
A senior official in the Treasury Department stated that any business that conducts important business with parts of Russia’s defense industrial complex did likewise face penalties as a result of the sanctions. On a visit with reporters, the standard insisted on anonymity to demo the news.
According to the official, removing the restrictions would necessitate legislative alert. That action might make it more difficult for the incoming Republican Trump administration to adapt and modify sanctions without drawing the attention of the public.
The standard emphasized that 15 businesses that have collaborated to avoid existing sanctions are subject to new restrictions.
Treasury is sanctioning the next Russian firms as being involved in this plan: Herbarium Office Management, Atlant Torg, Sigma Partners, Tranzaktsii I Raschety, Arctur and Paylink Limited. It’s also sanctioning Russian federal Andrei Prikhodko, the common director of Herbarium.
There are also restrictions on China-based firms: Anhui Hongsheng International Trade, Qingyuan Fo Feng Leda Supply Chain Service, Heilongjiang Shunsheng Economic And Trade Development, Qingdao Hezhi Business Service, Xinjiang Financial Import And Export, Hangzhou Xianghe Trading, Shaanxi Hongrun Jinhua Trading, Fujian Xinfuwang International Trade, and Jilin Province Shunda Trading Company.
Individually, the Keremet Bank in Kyrgyzstan is facing punishment for working with a US lender and Russian authorities to avoid punishment.
In February 2022, Russia invaded Ukraine, leading to extreme sanctions from the US and its allies and Russian and its associates ‘ efforts to circumvent the financial limits. Recent changes in the world oil industry, according to the Democrat Biden administration, make it easier to stifle Russia’s oil revenues without stifling global supplies.
The Treasury Department made the announcement last week that sanctions will be tightened against Russia’s energy industry because of its almost three-year-old conflict in Ukraine.
