Current:Home > NewsUS announces new sanctions on Russia’s weapons suppliers as Zelenskyy visits Washington -FinanceAcademy
US announces new sanctions on Russia’s weapons suppliers as Zelenskyy visits Washington
View
Date:2025-04-18 11:41:40
WASHINGTON (AP) — The Biden administration hit hundreds of people and firms, from Russia to China to Turkey and the United Arab Emirates, with economic and diplomatic sanctions Tuesday as the U.S. targets third-country contributors that are equipping Russia’s invasion of Ukraine.
The latest round of sanctions landed as Ukrainian President Volodymyr Zelenskyy is visiting Washington to make an appeal for more financial support as his nation fights off the Russian invasion that will enter its third year in February.
The financial penalties have made Russia the most sanctioned country in the world but have yet to deliver a knockout punch to Russia’s economy.
Tuesday’s sanctions package targets a multinational weapons procurement network led by Chinese national Hu Xiaoxun, his China-based private defense company Jarvis HK Co., and a network of associates that coordinate the sale of Chinese-manufactured weapons and components to Russia.
A representative from Jarvis did not immediately respond to an Associated Press request for comment.
Additionally, a group of Turkey, UAE and Maldives-based firms involved in the weapons production process are targeted for economic sanctions.
“The Kremlin has steadily turned Russia into a wartime economy, but Putin’s war machine cannot survive on domestic production alone,” said Treasury Secretary Janet Yellen.
“Our sanctions today continue to tighten the vise on willing third-country suppliers and networks providing Russia the inputs it desperately needs to ramp up and sustain its military-industrial base.”
Along with sanctioning gold producers and munitions shippers, the State Department is sanctioning three entities involved in the development of Russia’s Ust-Luga Liquified Natural Gas terminal, which is currently under construction, and set to be operated by a Russian majority state-owned multinational energy firm Gazprom and Russian energy firm RusGazDobych.
The U.S. and its allies “are united in our continued support of Ukraine in the face of Russia’s unprovoked, unjustified, and illegal war,” Secretary of State Antony Blinken said in a statement.
“We will continue to use the tools at our disposal to promote accountability for Russia’s crimes in Ukraine and those who finance and support Russia’s war machine.”
The sanctions block access to U.S. property and bank accounts and prevent the targeted people and companies from doing business with Americans.
___
AP Diplomatic Writer Matthew Lee contributed to this report.
veryGood! (4)
Related
- A South Texas lawmaker’s 15
- Lori Harvey, Damson Idris reportedly split: 'We part ways remaining friends'
- Fossil fuel interests have large, yet often murky, presence at climate talks, AP analysis finds
- FDA investigating reports of hospitalizations after fake Ozempic
- Nearly half of US teens are online ‘constantly,’ Pew report finds
- Biden Administration appears to lean toward college athletes on range of issues with NCAA
- Ukraine gets good news about its EU membership quest as Balkans countries slip back in the queue
- Met Gala announces 2024 theme and no, it's not Disney-related: Everything we know
- See you latte: Starbucks plans to cut 30% of its menu
- Robert De Niro attends closing arguments in civil trial over claims by ex-VP, personal assistant
Ranking
- The Daily Money: Spending more on holiday travel?
- Israel-Hamas war said to have left 10,300 dead in Gaza and displaced 70% of its population in a month
- 7 Nashville officers on ‘administrative assignment’ after Covenant school shooter’s writings leaked
- Nashville DA seeks change after suspect released from jail is accused of shooting college student
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- 'Stay, stay, stay': Taylor Swift fans camp out days ahead of Buenos Aires Eras Tour shows
- Long Beach man who stabbed mother with kitchen knife dies after police shooting
- Idaho mother, son face kidnapping charges in 15-year-old girl's abortion in Oregon
Recommendation
Sonya Massey's father decries possible release of former deputy charged with her death
Watch Bachelor in Paradise's Eliza Isichei Approach Aaron Bryant About His Ex-Girlfriend Drama
At trial, man accused of assaulting woman at US research station in Antarctica denies hurting her
Witnesses: small plane that crashed last month in Arizona, killing all 3 aboard, may have stalled
Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
Mike Epps, wife Kyra say HGTV's 'Buying Back the Block' rehab project hits close to home
Supreme Court justice sues over Ohio law requiring certain judicial candidates to use party labels
Ohtani free agency sweepstakes off to a clandestine start at MLB’s general manager meetings