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regular-article-logo Tuesday, 05 November 2024

93 entities from nations including India face US trade curbs for role in Russia-Ukraine war

The action, one day before the second anniversary of Russia’s invasion of Ukraine, means companies will be placed on the US commerce department’s “Entity List”, essentially banning US shipments to them

AP/PTI, Reuters Washington Published 24.02.24, 06:33 AM
Joe Biden

Joe Biden File image

The Biden administration has imposed new trade restrictions on 93 entities from Russia, China, Turkey, the UAE, Kyrgyzstan, India and South Korea for supporting Russia’s war effort in Ukraine, according to a federal government notice posted online on Friday.

The action, one day before the second anniversary of Russia’s invasion of Ukraine, means companies will be placed on the US commerce department’s “Entity List”, essentially banning US shipments to them.

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Of the new entities listed, 63 were from Russia, 16 from Turkey, eight from China and four from the UAE.

The move is one element of the latest round of sanctions and export controls by the US, partners and allies in response to Russia’s ongoing war in Ukraine, which began on February 24, 2022.

The US also announced it would impose other sanctions on over 500 targets over the war and the death of Russian Opposition leader Alexei Navalny.

Earlier this week, the EU nbvb nmbvc approved a 13th package of Ukraine-related sanctions against Russia, banning nearly 200 entities and individuals accused of helping Moscow procure weapons or of involvement in kidnapping Ukrainian children.

Friday’s measures will target individuals connected to Navalny’s imprisonment as well as Russia’s financial sector, defence industrial base, procurement networks and sanctions evaders across multiple continents, he said.

The sanctions are the latest of thousands of targets announced by the US and its allies following Russia’s Feb. 24, 2022, invasion of Ukraine , which has killed tens of thousands and destroyed cities.

“Two years into this war, the people of Ukraine continue to fight with tremendous courage. But they are running out of ammunition. Ukraine needs more supplies from the US to hold the line against Russia’s relentless attacks, which are enabled by arms and ammunition from Iran and North Korea,” Biden said.

“That’s why the House of Representatives must pass the bipartisan national security supplemental bill, before it’s too late.”

The 27-nation EU also said that it was targeting scores of Russian officials, including “members of the judiciary, local politicians and people responsible for the illegal
deportation and military re-education of Ukrainian children.”

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