Treasury Places Additional Russian Sanctions

Over 300 individuals and entities related to the Russian military industry were targeted ahead of the G7 summit.

Secretary of the Treasury Janet Yellen announced over 300 sanctions targeting Russia’s military industry on Wednesday, ahead of President Joe Biden’s attendance at the Group of Seven (G7) meeting. The sanctions restrict entities and individuals, both within Russia and globally, to curb weapons procurement, gold laundering, and technological resources.

“Russia’s war economy is deeply isolated from the international financial system, leaving the Kremlin’s military desperate for access to the outside world,” said Secretary Yellen. “Today’s actions strike at their remaining avenues for international materials and equipment, including their reliance on critical supplies from third countries.” 

As the Lord Leads, Pray with Us…

  • For wisdom for the president and treasury secretary as they seek to cut off funding for Russia in its war with Ukraine.
  • For U.S. officials to be prudent in their actions and decisions regarding global economy and finances.

Sources: Department of the Treasury


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