US to sanction over 500 targets affiliated with Russia: Treasury Dept.
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A Treasury spokesperson says both the Treasury and State Department will introduce these sanctions.
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The Treasury Department is seen near sunset in Washington, Jan. 18, 2023. (AP Photo/Jon Elswick, File)
The United States plans to impose sanctions on more than 500 targets allegedly affiliated with Russia over the war in Ukraine, the Treasury Department said Thursday.
Both the Treasury and State Department will introduce these sanctions, a Treasury spokesperson told AFP, adding that this will be the "largest single tranche" since the start of the war in February 2022.
Washington and its allies have imposed a host of sanctions against Moscow since the start of the war in Ukraine. A coalition involving the Group of Seven leading economies, the European Union, and Australia had set a price cap of $60 per barrel of Russian crude.
In recent months, the coalition announced plans to tighten compliance with the price ceiling.
The fresh sanctions to be unveiled Friday come after Russian opposition politician Alexei Navalny died last week in a prison located in the Yamalo-Nenets Autonomous Area.
US President Joe Biden earlier reaffirmed plans for sanctions, saying they would be against Russian President Vladimir Putin who he accused of being responsible for Navalny's death despite an ongoing investigation carried out by Russian authorities to determine the cause of his death.
Earlier, Under Secretary of State for Political Affairs Victoria Nuland announced that the US is preparing a new round of fresh sanctions against Russia, which, as per her words, promises to be "crushing".
On Thursday, the US government marked the upcoming second anniversary of the Ukraine war as well by unsealing charges against a series of Russian citizens to help cut what it described as the "flow of illegal funds that are fueling" the war.
The White House has said as well that Washington would soon impose new sanctions on Iran over its alleged support of Russia during the war.
National Security Council spokesman John Kirby told journalists that US authorities are prepared to go even further if Iran sells ballistic missiles to Russia.
