The U.S. Treasury Department issued sanctions against nearly two dozen individuals and entities in multiple countries that it said were involved in assisting Russia’s military-industrial complex to evade previously placed sanctions.
Igor Vladimirovich Zimenkov, a Cyprus-based arms dealer, leads the network, and those whom he works with have “engaged in projects connected to Russian defense capabilities, including supplying a Russian company with high-technology devices after Russia launched its full-scale invasion of Ukraine,” the department said in its announcement of the sanctions.
"It has become increasingly difficult for Russia’s military-industrial complex to resupply the Kremlin’s war machine, forcing it to rely on nefarious suppliers, such as Iran and the DPRK," Secretary of State Antony Blinken said in a statement."By trying to use proxies to circumvent U.S. sanctions, Russia demonstrates that our sanctions are having [an] impact. Our work will continue.
The Treasury Department has repeatedly issued sanctions against individuals who have played a role in Russia's war in Ukraine that's set to reach its one-year milestone next month. Many of the sanctions have also targeted Kremlin leaders as well.“Russia’s desperate attempts to utilize proxies to circumvent U.S.
Earlier this month, the Biden administration announced a slew of new sanctions against a Russian mercenary organization, the Wagner Group, whose soldiers, they said, have engaged in a pattern of"serious criminal activity" in both Ukraine and various African nations.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. Treasury increases borrowing estimate for first quarterThe Treasury Department on Monday raised its borrowing estimate for the first quarter to $932 billion
Read more »
Russia blocks US arms control inspectors in blow to milestone treaty, State Department saysRussia is flouting its obligations under a major arms control treaty with the United States, according to State Department officials.
Read more »
U.S. accuses Russia of violating terms of nuclear arms control treatyThe U.S. has accused Russia of violating the terms of the New START nuclear arms control treaty by refusing to allow on-site inspections, a State Department spokesperson confirmed.
Read more »
S&P 500 Futures recover, Treasury bond yields retreat as IMF revises up global growth forecastsS&P 500 Futures recover, Treasury bond yields retreat as IMF revises up global growth forecasts – by anilpanchal7 SP500 Futures IMF YieldCurve Fed
Read more »
Treasury yields decline as investors await Fed meetingU.S. Treasury yields fell on Tuesday as investors awaited the start of the Federal Reserve’s latest meeting and fretted over its policy outcome.
Read more »
Stablecoins Seem Unattractive as the Gap Between 3pool's APY and Treasury Yields WidensThe annualized percentage yield from providing stablecoin liquidity on Curve's 3pool, also known as DeFi's savings bank account, is nearly 250 basis points less than the yield on the 10-year U.S. Treasury note.
Read more »