New round of sanctions specifically targeting 14 individuals, 28 entities and eight aircraft
The United States today announced a new round of Russia-related sanctions, specifically targeting 14 individuals, 28 entities and eight aircraft, according to a statement posted on the US Treasury Department’s website.
Janet Yellen, the Treasury secretary in Joe Biden’s administration, said earlier that new sanctions would 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.
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.
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.
US Treasury Secretary Janet Yellen also estimated that ending the armed conflict in Ukraine would be the best way to ease the difficulties facing the global economy, a message that Russia has undoubtedly received, on the eve of the G20 summit in Indonesia.
“Ending the war that Russia is waging is a moral imperative and simply the best thing that could happen to the world economy,” Ms Yellen told reporters on the sidelines of her meeting with her French counterpart Bruno Le Maire.
Officially, the Russian invasion of Ukraine is not on the agenda of the club of the world’s 20 largest economies, whose leaders will meet tomorrow Tuesday and the day after Wednesday on the Indonesian island of Bali.
Moscow called on the G20 to focus on economic and financial issues rather than political and security issues.
But the war launched nearly nine months ago by Vladimir Putin is having huge economic consequences, especially skyrocketing energy and food prices.
The summit’s host, Indonesia, echoing the position of many states in the global South, is calling for peace negotiations, avoiding outright condemnation of Moscow.
Mr Putin, who has decided not to go to the G20 summit and will be represented by his government’s foreign minister, Sergei Lavrov, is under pressure to extend the deal allowing Ukrainian grain exports, which would expire the November 19th.
Mr. Lemaire, for his part, insisted that measures needed to be taken to mitigate the economic impact of the war. “I think the main problem on the table is how to reduce energy prices and how to reduce inflation,” said the Minister of Economy and Finance of Emmanuel Macron’s government.
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