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In response to
"The Pentagon will pay Lockheed Martin more than $520 million to replace guided rockets sent to Ukraine."
by
crash davis
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The U.S. imposes a new round of sanctions targeting Russia’s military supply chain and a wealthy gold magnate.
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The U.S. State and Treasury Departments announced a fresh round of sanctions on Monday related to the war in Ukraine, taking aim at “Kremlin-linked elites” and Russia’s military supply chain.
The new measures — against 14 individuals and 28 entities — add to the sweeping economic penalties the United States and its allies have imposed in response to Russia’s invasion of Ukraine. As of October, the U.S. government had issued about 1,500 new sanctions and amended 750 others since President Vladimir V. Putin ordered the invasion in February, according to the State Department.
“Today’s actions demonstrate Treasury’s steadfast commitment to targeting people around the world aiding Putin’s war effort and the crony elites who bankroll his regime,” the Treasury secretary, Janet L. Yellen, said in a statement.
So far, however, the sanctions have not been as devastating as Western officials hoped. Russia’s oil and gas exports have boomed this year, fueled by increased demand from China and India. And with oil prices high, Russia is on track to earn more this year than last from oil sales.
The targets of the sanctions announced on Monday include the Russian company Milandr, a microelectronics manufacturer involved with military research and development. Three companies tied to Milandr — based in Armenia, Taiwan and Switzerland — were also blacklisted, as were senior executives of the corporation. The foreign spinoffs have been used as front companies to “conduct Milandr’s business with foreign partners” and carry out financial transfers, the Treasury Department said in a statement.
“The United States will continue to disrupt Russia’s military supply chains and impose high costs on President Putin’s enablers, as well as all those who support Russia’s brutality against its neighbor,” Secretary of State Antony J. Blinken said in a statement.
The sanctions also targeted Suleiman Kerimov, a Russian gold magnate and politician, along with his immediate family, associates and affiliated companies. Mr. Kerimov was sanctioned by the United States in 2018 and his $300 million mega yacht was seized in Fiji in May. Those targets include four French real estate companies belonging to one of his daughters
as well as Alexander-Walter Studhalter, a Swiss national who has
“allegedly laundered significant amounts of money on Kerimov’s behalf,” the Treasury Department said.
The Treasury Department also imposed sanctions on two Swiss companies holding assets benefiting Andrey Guryev, “a known close associate” of Mr. Putin, adding to sanctions the it levied against him in August. Mr. Guryev owns Witanhurst, a 25-bedroom mansion and grounds said to be the second-biggest residential property in London after Buckingham Palace.
— Carly Olson
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