US, Allies to Announce More Russia Sanctions, Export Controls
The U.S. and other G-7 member states plan to soon announce a host of new sanctions and trade restrictions against Russia, including new restrictions targeting Russia’s industrial and technology sectors. The countries also plan to announce enforcement actions relating to Russia’s sanctions evasion efforts, which will include new additions to the Commerce Department’s Entity List.
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Commerce will target entities “engaging in backfill activities” that help Russia evade export controls, the White House said, the first such enforcement action Commerce has taken since Russia’s invasion of Ukraine in February.
The State and Treasury departments are also expected this week to “aggressively target” Russian defense supply chains by imposing new blocking sanctions on several major Russia state-owned companies, a senior administration official told reporters during a call this week. The sanctions also will target Russian defense research organizations and “dozens” of other people and companies connected to Russia’s defense industry to “limit Russia’s ability to replace the military equipment it has already lost” during the war, the official said.
The measures are a “continuation of a number of themes that we’ve been articulating for a while,” the official said: “degrading Russia’s defense industrial base and significant new steps and actions there.”
Other sanctions, coordinated by G-7 members, will target those responsible for Russia’s human rights abuses and war crimes in Ukraine. The countries also acknowledged that a price cap of Russian oil will better help deny the government revenue, the official said. The countries hope to eventually “take steps towards identifying the precise mechanisms through which this would be achieved.”
In a joint statement, the G-7 said it will “continue to target evasion and backfilling activities” and plan to “align and expand targeted sanctions” against Russia. “We remain steadfast in our commitment to our unprecedented coordinated sanctions measures in response to Russia’s war of aggression, the impacts of which will compound over time.”