U.S. Adds 71 Companies To Trade Blacklist As G7 Widens Russia Sanctions

The U.S. administration added 71 companies to a trade blacklist for supporting Russia on May 19, as the Group of Seven (G7) wealthy nations announced new sanctions on Moscow over its war in Ukraine. The U.S. Department of Commerce's action targets support for Moscow's military and expands the scope of export controls on Russia and Belarus. The blacklist includes 69 Russian entities, one from Armenia, and one from Kyrgyzstan. The new export controls target oil and gas projects in Russia and Belarus, the Department of Commerce said. Other companies include aircraft repair and parts production plants, gunpowder, tractor and automobile factories, shipyards and engineering centers in Russia. To read the original story by Reuters, click here.