New US sanctions target workarounds that let Russia get Western tech for war
New US sanctions target workarounds that let Russia get Western tech for war
The United States is sanctioning more than 150 businesses and individuals as it tries to crack down on evasion and deny Russia access to technology, money and financial channels that fuel Moscow's war in Ukraine.
Press release from the State Department https://home.treasury.gov/news/press-releases/jy1731
The number of targets differs but it appears to be part of the same action.
Sanctions haven't worked before, why would it work now?
America's willingness to toss sanctions around willy-nilly is single-handedly destroying globalism and creating a multipolar world.
They are working, but they can still be improved, hence this.
It's true the sanctions are working as evidenced by the PMI numbers coming out of Europe.
This is the best summary I could come up with:
The sanctions package is one of the biggest by the State and Treasury departments and is the latest to target people and companies in countries, notably NATO member Turkey, that sell Western technology to Russia that could be used to bolster its war effort.
The package also aims to hobble the development of Russia’s energy sector and future sources of cash, including Arctic natural gas projects, as well as mining and factories producing and repairing Russian weapons.
“The purpose of the action is to restrict Russia’s defense production capacity and to reduce the liquidity it has to pay for its war,” James O’Brien, head of the State Department’s Office of Sanctions Coordination, told The Associated Press.
The U.S. package includes sanctions on several Turkish and Russian companies that the State Department says help Moscow source U.S. and European electronic components — such as computer chips and processors — that can be used in civilian and military equipment.
“Russia is trying to run a full production wartime economy, and it is extremely difficult to do that with secretive episodic purchases of small batches of equipment from different places around the world,” O’Brien said.
“We need to work much harder with companies in our own countries to ensure that they are not feeding the re-export market,” said Tom Keatinge, director of the Centre for Financial Crime and Security Studies at the Royal United Services Institute in London.
The original article contains 1,089 words, the summary contains 235 words. Saved 78%. I'm a bot and I'm open source!
US Corporations making more money from the wars. This is how the system is set up. it is working exactly as they planned.