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The United States officially announced a series of new sanctions against Russia, including a ban on imports of Russian gold. Zelensky called Russia a “terrorist sponsor.”
The U.S. Treasury Department announced on Tuesday that the U.S. officially implemented sanctions against Russia just decided at the G7 summit, including a ban on gold imports from Russia and new sanctions on its defense industry.
“The latest sanctions will strike at the core of Russia’s ability to develop and deploy weapons and technology for Putin’s brutal war against Ukraine,” the US Treasury said in a statement on Tuesday.
Sanctions target Russian state-owned military conglomerate Rostec and other industries critical to Russia’s defense sector, and involve military units and military officials for human rights abuses in Ukraine, the Treasury Department’s statement said. Rostec, a military-industrial enterprise group known as the “cornerstone” of Russia’s defense and science and technology industries by the United States, includes 14 holding companies consisting of 700 companies, 11 holding companies in the defense industry and 3 civilian companies. holding companies in the field.
In a statement, the Treasury Department also said that the newly added sanctions list includes 70 Russian entities and 29 individuals, all property and property interests that they own or control in the United States or through Americans, will be frozen; the Treasury Department has jurisdiction. The Office of Foreign Assets Control will ban Russian gold imports into the United States.
Many of the 70 sanctioned entities are critical to Russia’s defense industry, the U.S. Treasury Department said.
U.S. Treasury Secretary Yellen said in a statement that the sanctions would weaken Russian President Vladimir Putin and further limit his military capabilities in Ukraine. Yellen said Russian military morale in Ukraine is currently low and plagued by broken supply chains and logistical shortages.
The report said that the United States believes that the implementation of the gold import ban will hit the foreign exchange earnings of the Russian government. Russia produces 10% of the world‘s gold annually and is Russia’s largest non-energy export. Gold is also a vital asset for the Russian central bank.
Separately, Ukrainian President Volodymyr Zelensky said on Tuesday that Russia must be labelled a “terrorist sponsor”. Earlier, at least 18 people were killed in a missile attack on a crowded shopping mall in the Ukrainian city of Kremenchug.
Zelensky said on the social networking page Telegram, “Only completely crazy terrorists will use missiles to attack civilian targets. They should have no place on earth.” Zelensky also accused Russia of carrying out attacks on civilian infrastructure.” A planned attack.”
“Russia has to be identified as a state sponsor of terrorism. The world can do that, so terrorism in Russia has to be stopped,” Zelensky said.