Economic News The US applies sanctions to firms in China and Türkiye to militarily limit Russia

The United States on Tuesday announced sanctions on individuals and companies based in China, Turkey, the United Arab Emirates and other countries, aiming to reduce Russia's military purchasing networks aimed at supplying its invasion of Ukraine

Economic News The US applies sanctions to firms in China and Türkiye to militarily limit Russia

The United States on Tuesday announced sanctions on individuals and companies based in China, Turkey, the United Arab Emirates and other countries, aiming to reduce Russia's military purchasing networks aimed at supplying its invasion of Ukraine.

The sanctions target individuals and entities accused of supplying Russian industry and promoting its military capabilities against Ukraine, where it maintains extensive and intense operations after the invasion launched on February 24, 2022.

The Treasury Department imposed sanctions on more than 150 parties, while the State Department targeted more than 100, including those involved in third-country invasion sanctions.

"Our sanctions today continue to tighten pressure on third-country suppliers and networks that are willing to provide Russia with the inputs it desperately needs to grow and sustain its military-industrial base," Treasury Secretary Janet Yellen was quoted as saying. it's a statement.

He added that the Kremlin "has steadily turned Russia into a war economy."

Among Treasury's targets was a network based in China, Russia, Hong Kong and Pakistan, allegedly "involved in the facilitation and acquisition of Chinese-made weapons and technologies" destined for Russia.

They include Chinese national Hu Xiaoxun and his China-based private defense company, Jarvis HK Co.

They also sanctioned companies from Turkey and the United Arab Emirates, along with other China-based entities such as satellite imaging companies Beijing Yunze Technology Co and Chang Guang Satellite Technology Co.

These measures come as Ukrainian President Volodymyr Zelensky appears at the US Congress and the White House to push for more US military aid to combat the Russian invasion.