U.S. Treasury targets Russian Aerospace, Marine and Electronic sectors in new Sanctions

The U.S. Treasury Department building at dusk in Washington is shown. | Patrick Semansky, File/AP Photo

Revelations 6:3-4 “ when he opened the second seal, I heard the second living creature say, “Come!” 4 And out came another horse, bright red. Its rider was permitted to take peace from the earth, so that people should slay one another, and he was given a great sword.

Important Takeaways:

  • Treasury hits Russia with new sanctions targeting evasion networks, tech
  • The U.S. also expanded its ability to sanction the aerospace, marine and electronics sectors.
  • The sanctions, which follow penalties on Russia’s defense industry last week, are part of a broader administration effort to restrict the country’s access to resources it needs to supply and finance its invasion of Ukraine, the Treasury Department said.
  • Among the sanctioned firms is Moscow-based OOO Serniya Engineering, which the Treasury said is at the center of an illicit network operating under the direction of Russia’s intelligence service to help evade sanctions.
  • Treasury Secretary Janet Yellen said in a statement. “We will continue to target Putin’s war machine with sanctions from every angle, until this senseless war of choice is over.”

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