The United States issued new sanctions against Russia and its allies on the first anniversary of the Ukraine war on Friday. Russia invaded Ukraine a year ago in February after moving its army near the latter’s border reportedly for training purposes. However, that was just a ruse. A year later, the war is still going on, bringing more destruction to Ukraine.
The United States aims to control exports and tariffs to undermine Russia’s ability to wage war. In addition, Washington announced that it would help kyiv with another 2 billion dollars to buy weapons. The latter is preparing to go on the offensive in spring. However, this aid did not include the F-16 fighter jets that kyiv had specifically requested.
US President Joe Biden plans to meet with G7 leaders today, as well as Ukrainian President Volodomyr Zelenskiy. They will discuss how they can help Ukrainians get better results. The United States joined the G7 allies in stopping Russia’s aggression. They began by imposing targeted sanctions on 200 entities and individuals, as well as a dozen Russian financial institutions. In addition, the countries planned how to counter Moscow’s efforts to circumvent sanctions imposed by Europe and the US.
Russia tried to use gas as leverage, cutting off supplies to the eurozone. Despite this, the EU maintained its sanctions against the aggressor country.
How will the new sanctions work?
The G7 targeted the sanctions at targets in Russia, as well as “third country actors” in the Eurozone, Middle East and Asia that currently support Moscow’s war effort.
Washington declared that it would sanction countries, companies or people linked to Russia’s defense and technology industry. That includes those responsible for supplying Russia with sanctioned items or allowing it to evade sanctions.
In addition, US Treasury Secretary Janet Yellen said today that the department would impose new sanctions targeting Russian individuals, financial institutions and companies. However, she did not offer more detailed information.
