Monday, October 2, 2023

The US has announced more than 150 sanctions against Russia, Turkey, the Emirates and Georgia

The United States on Thursday announced sanctions against more than 150 companies and individuals from Russia to Turkey, the United Arab Emirates and Georgia to try to end the leak and deny the Kremlin access to technology, money and financial channels fueling the president’s war. Putin in Ukraine.

The package of sanctions is one of the largest from the Department of State and Treasury and is the latest to target people and companies in countries, especially Turkey – a member of NATO – that sells Western technology in Russia that could be used to bolster their war effort.

The package also aims to curb the development of Russia’s energy sector and future sources of cash, including natural gas projects in the Arctic, as well as mining and manufacturing and repair factories. of Russian weapons.

“The purpose of the action is to restrict Russia’s defense production capacity and reduce the liquidity it needs to pay for its war,” James O’Brien, head of the State Department’s Sanctions Coordination Office, told The Associated Press. .

The United States has authorized a start-up company in the United Arab Emirates, which provides engineering and technology to the Russian liquefied natural gas project in the Arctic, as well as several Russian companies involved in its development.

Putin wants the Arctic LNG 2 project to produce more liquefied natural gas and make Russia a bigger player in the energy market.

The U.S. package includes sanctions on several Turkish, Finnish and Russian companies that the State and Treasury departments say help Moscow obtain U.S. and European electronic components, such as microprocessors, it said of the US ended up with weapons used by Russia. .

Before the war, O’Brien said, Russia imported up to 90% of its electronics from the countries that are part of the G7 – the seven richest countries in the world – but the sanctions have reduced of that number by about 30%.

The sanctions, he said, were “effective” and “put a limit on Russia’s wartime production capacity.”

Nation World News Desk
Nation World News Desk
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