US Treasury Expands Sanctions to Cripple Russian War Economy

The U.S. Treasury Department announced Wednesday that over 300 new sanctions have been issued to intensify pressure on Russia for its ongoing war against Ukraine. These measures, in alignment with G7 commitments, target entities and individuals globally to cripple Russia’s military-industrial base by restricting access to U.S. software, IT services, and foreign financial support. The measures also target transnational networks involved in laundering Russian-origin gold through fiat currency and cryptocurrencies. By blocking significant transactions and updating the Specially Designated Nationals and Blocked Persons List, the U.S. aims to limit Russia’s revenue channels and reliance on foreign technology and equipment, further isolating its war economy.