US Unveils New Sanctions Against Russia and Third Parties

US Targets Russia and Third Parties with New Sanctions

On Wednesday, the United States announced a new wave of sanctions aimed at Russia and third parties suspected of assisting Russia in evading Western sanctions. The US's objective is to disrupt the supply of technological and industrial parts and components that are aiding Russia's war machine and defense sector.

New Sanctions List

The new action from the US Treasury and State Department includes nearly 400 new entities and individuals across more than a dozen countries. The State Department has described this as the "most concerted push so far against third-country evasion." A US official stated that the new punitive measures should send a strong message to both the governments and private sectors of these countries. The US government is committed to countering the evasion of US sanctions against Russia and continuing to pressure Russia to end its war in Ukraine.

Sanctions Reach Beyond Russia

The new sanctions extend beyond Russia, reaching into Turkey, China, the UAE, Thailand, Malaysia, and notably India, among others. A US official stated that the US has been very direct and blunt with India about their concerns regarding what they perceive as emerging trends in the country that they want to stop before they progress too far.

India-Based Company Targeted

A top official in the Biden administration framed this as a serious warning to India, indicating that it must crack down on companies doing business with Russia. Futrevo, an India-based company, has been newly targeted by the sanctions due to its supply of components to the Russia-based manufacturer of Orlan drones. Deputy Treasury Secretary Wally Adeyemo announced that the United States and its allies will continue to take decisive action worldwide to halt the flow of critical tools and technologies that Russia needs to wage its war against Ukraine.

US Sanctions Risk Creating Tensions

However, the action risks creating tensions with the US as Washington hopes to pressure outside countries to conform. The recent major BRICS meeting hosted in Kazan, Russia, concluded last week with Russian President Vladimir Putin appearing far from isolated. This included warm moments and a literal embrace between Putin and India's Narendra Modi. Modi's statement that his two visits to Russia in the last three months reflect their close coordination and deep friendship does not suggest a leader ready to implement widespread conformity with US-led sanctions on Russia.

Bottom Line

The US's new wave of sanctions against Russia and third parties suspected of assisting Russia in evading Western sanctions is a significant move. It shows the US's commitment to disrupting the supply of technological and industrial parts and components that are aiding Russia's war machine. However, these actions risk creating tensions with other countries, particularly India. What are your thoughts on this development? Feel free to share this article with your friends. Don't forget to sign up for the Daily Briefing, which is delivered every day at 6 pm.