New sanctions from the Treasury for influencing key sectors, evading control, and military supplies to Russia.

In one of its most significant sanction actions to date, the US Department of the Treasury announced a new designation targeting the metallurgy and mining sector of the Russian Federation's economy pursuant to Executive Order14024 and also imposes sanctions on22 individuals and83 entities. This action, in conjunction with additional measures taken by the Department of State, the Department of Commerce, and the Office of the US Trade Representative, in coordination with G7 allies and partners, further isolates Russia from the international economy and complicates Russia's ability to obtain the capital, materials, technology, and support needed to sustain its war against Ukraine.

Furthermore, as Russia seeks ways to circumvent sanctions and export controls, the American government is stepping up efforts to combat such loopholes worldwide. To date, more than30 individuals and third-country companies have been designated in connection with Russia's attempts to bypass sanctions, including those involved in arms trading and illegal financial transactions.

Sanctions have also affected several financial institutions in Russia, including one of the top10 banks by assets. This is aimed at preventing attempts to circumvent sanctions by Russian banks that are seeking new ways to access the international financial system.

The USA will continue to impose sanctions on Russia for as long as this conflict persists.

Overall, these actions are aimed at supporting Ukraine and limiting Russia's ability to continue its aggressive war. The sanctions are also intended to reduce the income received by Putin and weaken the Russian economy as a whole. This is part of the efforts of an international coalition of countries aimed at countering Russian aggression and protecting peace and security in the region.