US Sanctions 400 Entities, Including Russian and Chinese Companies, for Aiding Russia’s War

The U.S. Department of the Treasury and the Department of State on Aug. 23 sanctioned close to 400 individuals and entities supporting Russian war efforts, including several Russian and Chinese companies. “Russia has turned its economy into a tool in service of the Kremlin’s military industrial complex,” Deputy Secretary of the Treasury Wally Adeyemo said in a statement. “Companies, financial institutions, and governments around the world need to ensure they are not supporting Russia’s military-industrial supply chains.” Several of these are companies that supply materials such as machine tools and electronic components to the Russian military, but the targets are wide-ranging. The Treasury Department stated it has also targeted Russia’s projected revenue from metals and mining and the technology needed to run the Russian financial sector....