U.S. sanctions more Russian companies, lawmakers, elites
BNN Bloomberg
The U.S. announced a new package of sanctions on Russian elites, lawmakers and defense companies, punishments designed to ramp up pressure on Moscow over its invasion of Ukraine.
The U.S. announced a new package of sanctions on Russian elites, lawmakers and defense companies, punishments designed to ramp up pressure on Moscow over its invasion of Ukraine.
The measures announced Thursday during summit meetings between President Joe Biden and NATO, as well as the Group of Seven, will be followed by others to reduce Europe’s reliance on Russian oil and gas -- the lifeblood of the nation’s economy, according to senior administration officials.
The U.S. will impose full blocking sanctions on more than 400 individuals and entities, including the Duma, Russia’s lower house of parliament, and 328 of its members, more than a dozen Russian elites and 48 Russian defense companies.
“I’m announcing additional sanctions on over 400 Russian elites, lawmakers, and defense companies in response to Putin’s war of choice in Ukraine,” Biden said in a tweet. “They personally gain from the Kremlin’s policies, and they should share in the pain.”
The sanctions will hit Herman Gref, the head of Russia’s Sberbank and an adviser to President Vladimir Putin; Russian billionaire Gennady Timchenko, his companies and his family members; as well as 17 board members of the Russian financial institution Sovcombank.
Among the defense companies being sanctioned are Russian Helicopters, Tactical Missiles Corporation, High Precision Systems, NPK Tekhmash OAO and Kronshtadt, according to the White House.
