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Ukraine: US sanctions on an international network that supplies Russia with military technology

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Speaking to reporters on the sidelines of the G20 summit in Bali, Ms Yellen said the sanctions would target 14 individuals and 28 entities, including individuals and legal entities that facilitate the financial dimension of the procurement network, but declined to specify the nationality or their headquarters respectively.

Janet Yellen, the Treasury secretary of the Joe Biden administration, said today that new sanctions will be imposed on a transnational network of people and companies that are supplying military technology to Russia, allowing it to continue its nine-month war in Ukraine.

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Speaking to reporters on the sidelines of the G20 summit in Bali, Ms Yellen said the sanctions would target 14 individuals and 28 entities, including individuals and legal entities that facilitate the financial dimension of the procurement network, but declined to specify the nationality or their headquarters respectively.

He explained that more details would be released later today.

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The sanctions are part of “our broader efforts to disrupt Russia’s war effort,” to “deny it the equipment it needs through sanctions and export controls,” Ms. Yellen said.

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Megan
Megan
I am currently a news writer for News Bulletin247 where I mostly cover sports news. I have always been interested in writing and it is something I am very passionate about. In my spare time, I enjoy reading and spending time with my family and friends.

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