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ARTICLE · 02 MARCH 2023

U.S. Levies New Sanctions Against Russia, Including Its Metals And Mining Sector

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On the one-year anniversary of Russia's invasion of Ukraine, the United States issued a comprehensive set of new economic sanctions...

CanadaInternational Law
Christopher Caparelli
Christopher Caparelli
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On the one-year anniversary of Russia's invasion of Ukraine, the United States issued a comprehensive set of new economic sanctions intended to further isolate Russia from the international economy and hinder its ability to obtain capital, materials, technology and support for the war in Ukraine.

What you need to know

  • The new U.S. sanctions apply to multiple sectors of the Russian economy.
  • The metals and mining sector received particular attention in the newly announced sanctions, with a policy allowing sanctions on anyone operating in the sector.
  • Also announced were new tariffs on 100 Russian metals, minerals and chemical products worth about $2.8 billion.
  • Nearly 90 Russian and third-country companies were added to the Department of Commerce's "Entity List", which will prohibit the listed companies from purchasing some items made in the United States or containing U.S. components.

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