The Departments of State and Treasury are imposing sanctions on nearly 120 individuals and entities today to further hold Russia accountable for its illegal invasion of Ukraine and degrade its capability to support its war efforts. These sanctions will restrict Russia from accessing critical materials, inhibit its future energy production and export capabilities, curtail its use of the international financial system, and crack down on those complicit in sanctions evasion and circumvention.
Since Russia launched its full scale invasion of Ukraine, the United States, working with our allies and partners, has taken unprecedented steps to impose costs on Russia and promote accountability for the individuals and entities who support its illegal war. We will continue to stand with Ukraine for as long as it takes.
Today’s actions were taken pursuant to Executive Order 14024 , which authorizes sanctions with respect to specified harmful foreign activities of the Government of the Russian Federation. For more information on these actions, please see the Department of State Fact Sheet and the Department of the Treasury press release.