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White House announces additional Russia sanctions, Ukraine aid on anniversary of invasion

Photo Caption: (Washington

The White House on Friday marked one year since Russia’s unprovoked invasion of Ukraine by announcing additional military and economic aid for Ukraine and a fresh round of sanctions on Russia.

The Biden administration, in coordination with allies in the Group of Seven (G-7), announced measures aimed at further squeezing the Russian economy and sources of revenue to fund the country’s war effort in Ukraine. The U.S. will increase tariffs on Russian imports and target companies, including some in China, that have helped Russia evade sanctions.

The Treasury Department and State Department are sanctioning “200 individuals and entities, including both Russian and third-country actors across Europe, Asia, and the Middle East that are supporting Russia’s war effort,” according to a White House fact sheet.

Among those targeted are a dozen Russian financial institutions, as well as officials and third party actors who are helping Russia evade existing sanctions. The U.S. will also expand its sanctions on Russia’s metals and mining sectors, the White House said.

The administration is separately targeting exports to Russia, blocking nearly 90 companies, including some in China, from purchasing items like semiconductors or those made with certain U.S. technology. The sanctions target companies that have engaged in sanctions evasion and backfilled activities to support Russia’s defense sector.

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