As Russia Feels Effects of Multilateral Sanctions Campaign, Treasury Takes Further Action Against Russia’s International Supply Chains

One day ahead of Ukrainian Independence Day, Treasury continues implementation of G7 sanctions commitments in support of UkraineWASHINGTON — Building on the sanctions already imposed on Russia in response to its continued war of aggression against Ukraine, today the U.S. Department of the Treasury and the Department of State targeted nearly 400 individuals and entities both in Russia and outside its borders—including in Asia, Europe, and the Middle East—whose products and services enable Russia to sustain its war effort and evade sanctions. The United States government will continue to support Ukraine as it defends its independence and hold Russia accountable for its aggression.“Russia has turned its economy into a tool in service of the Kremlin’s military industrial complex.