U.S. Treasury Widens Sanctions To Curb Russia's War Production

The U.S. Treasury Department on June 12 announced new sanctions on over 300 entities suspected of providing Russia with products and services needed to sustain military production for its war in Ukraine. U.S. officials expressed concern over Russia's ability to procure advanced semiconductors, optical equipment, and other goods needed to produce advanced weapons systems, despite prior sanctions. The latest sanctions primarily target Belarusian and Chinese entities suspected of aiding Russia’s defense and energy sectors. The sanctions come on the eve of the June 13-15 G7 summit in Italy. To read the full statement from the U.S. Treasury Department, click here.