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ARTICLE · 19 JUNE 2024

U.S. Expands Russia Sanctions, Focusing On Financial Infrastructure And IT/Software-Related Services

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On June 12, the U.S. Department of the Treasury and U.S. Department of State imposed additional sanctions on Russia "to intensify the pressure on Russia for its continued cruel and unprovoked war against Ukraine."

GlobalInternational Law
Kara Bombach
Kara Bombach
Cyril T. Brennan
Cyril T. Brennan
Sonali Dohale
Sonali Dohale
Francisco J. Vélez
Francisco J. Vélez
Madeline Orlando
Madeline Orlando
Miranda R. Carnes
Miranda R. Carnes

On June 12, the U.S. Department of the Treasury and U.S. Department of State imposed additional sanctions on Russia "to intensify the pressure on Russia for its continued cruel and unprovoked war against Ukraine." The new sanctions target individuals and entities whose products and services "enable Russia to sustain its war effort and evade sanctions." These new sanctions measures come as President Biden and the Group of Seven prepare to meet in Italy.

Designations

The new sanctions measures target more than 300 individuals and entities, both in Russia and worldwide, involved in numerous sectors, including Russia's financial system, transnational networks laundering gold for a designated Russian gold producer, production of unmanned aerial vehicles (UAVs), procurement of sensitive and critical items such as materials for Russia's chemical and biological weapons program, anti-UAV equipment, machine tools, industrial machinery, and microelectronics, and liquified

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