Biden admin imposes sanctions on additional 150 foreign entities in effort to break Russian war effort

On Thursday, the State Department announced the latest round of sanctions aimed at weakening the Russian war effort. The extensive lists compiled by the State and Treasury Departments target over 150 entities involved in every aspect of the nation's continued invasion of Ukraine, including a number of foreign firms.

The move is just one of many recently made by the Biden administration as it continues to support Ukraine.

Included on the State Department's list of sanction-worthy targets are entities involved in "expanding Russia's energy production and future export capacity," "operating or having operated in the metals and mining sector of the Russian Federation economy," "provid[ing] repair and maintenance services to the Russian defense sector," and "working to acquire goods in support of Russia’s war effort."

In addition to numerous companies of varying sizes, a slate of individuals were also separately named. They include a member of the Wagner Group, a Georgian-Russian oligarch, and a Russian Intelligence Services officer. 

The sanctions did not only target Russian companies. The State Department included in its list of targets a number of Turkish firms, suspected of having "materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services to or in support of persons whose property and interests in property are blocked" in accordance with Executive Order 14024, which authorizes sanctions against "specified harmful foreign activities of the Russian Federation."

The list compiled by the Treasury Department included Turkish-based companies as well as a number of Finnish firms.
 

“With today’s sanctions, the United States is continuing our relentless work to target Russia's military supply chains and deprive Putin of the equipment, technology, and services he needs to wage his barbaric war on Ukraine," Treasury Secretary Janet Yellen said.

"We have also made clear that those individuals and entities who profit from invasion and their proximity to the Kremlin will be held accountable, and today's actions show our global reach in imposing severe costs on Putin’s oligarchs."