US issues hundreds of sanctions targeting Russia, takes aim at Chinese companies

Local residents look at damage at a site of a Russian missile strike, amid Russia's attack on Ukraine, in Kharkiv, Ukraine April 30, 2024. REUTERS/Sofiia Gatilova/File Photo WASH INGTON, May 1 - The United States on Wednesday issued hundreds of fresh sanctions targeting Russia over the war in Ukraine in action that took aim at Moscow's circumvention of Western measures, including through China.

"Treasury has consistently warned that companies will face significant consequences for providing material support for Russia’s war, and the U.S. is imposing them today on almost 300 targets," Yellen said in a statement.

The State Department also imposed sanctions on four China-based companies it accused of supporting Russia's defense industrial base, including by shipping critical items to entities under U.S. sanctions in Russia, as well as companies in Turkey, Kyrgyzstan and Malaysia that it accused of shipping high priority items to Russia.

The State Department also expanded its targeting of Russia's future ability to ship liquefied natural gas, or LNG, one of the country's top exports.

Source: News Formal (newsformal.com)

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