Russia: In a significant move, the United States is set to impose sanctions on over 500 targets on Friday, marking the second anniversary of Russia’s invasion of Ukraine. Deputy U.S. Treasury Secretary Wally Adeyemo revealed this information in an exclusive statement to Reuters on Thursday.

Targeting Russia Military Industrial Complex and Third-Party Companies

The comprehensive action, undertaken in collaboration with other nations, will specifically target Russia’s military industrial complex. Additionally, companies in third countries that facilitate Russia’s access to essential goods will face sanctions. The goal is to hold Russia accountable for its actions in the war and the death of opposition leader Alexei Navalny.

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Global Effort Against Russian Aggression

Deputy Secretary Adeyemo emphasized that the sanctions are not solely an American initiative. He stated, “Tomorrow we’ll release hundreds of sanctions just here in the United States, but it’s important to step back and remember that it’s not just America taking these actions.”

Disrupting Russia’s Weapon-Building Capability

The primary objective of the sanctions is to hinder Russia’s access to goods necessary for weapon development. By slowing down Russia’s access to crucial revenues, the U.S. aims to weaken its economy and impede the country’s ability to build weapons.

Russia – Continuing International Response

This latest package of sanctions adds to the thousands previously imposed by the United States and its allies since Russia’s invasion of Ukraine in 2022. The conflict has resulted in tens of thousands of casualties and widespread destruction of cities, prompting a sustained international response against Moscow.