U.S. Treasury Escalates Actions Against Russia’s Military and Weapons Programs

Today, the US Treasury Department is intensifying efforts to weaken Russia’s military capabilities, part of a global initiative to hinder Kremlin’s funding and access to resources for its unlawful war in Ukraine. The actions target Russia’s military industry, chemical and biological weapons programs, and entities in other countries aiding Russia’s weapon acquisition.

Of particular concern are entities in China and other nations supporting Russia’s military industry, sustaining its aggression against Ukraine and posing a threat to global security. Nearly 300 targets, including those enabling Russia’s technology procurement, are being sanctioned.

Treasury Secretary Janet L. Yellen emphasizes the consequences for aiding Russia’s war efforts, while highlighting US support for Ukraine’s defense. The Department of State is also imposing sanctions on over 80 entities involved in sanctions evasion, chemical and biological weapons programs, and energy projects, including those linked to opposition leader Aleksey Navalny’s death.

Additionally, the Department of Justice filed a forfeiture complaint against aircraft landing gear purchased for a Russian transhipper, violating US sanctions.

Treasury remains committed to disrupting entities facilitating Russia’s technology acquisition, targeting nearly 60 entities across several countries. Actions today focus on over 100 entities in Russia’s defense and related sectors.

Foreign financial institutions engaging with Russia’s military industry risk sanctions. Treasury also targets Russian imports of explosives precursors and suppliers, entities involved in chemical and biological weapons procurement, and Russian natural gas infrastructure projects.