US hits Russia with sanctions for annexing Ukrainian regions

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US hits Russia with sanctions for annexing Ukrainian regions
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The United States on Friday sanctioned more than 1,000 people and companies linked to the Russian invasion of Ukraine, including the governor of the Central Bank and the families of members of the Security Council, after President Vladimir Putin signed treaties absorbing the occupied regions of Ukraine into Russia, in defiance of international law.

The Treasury Department has named hundreds of members of the Russian legislature, leaders of the country’s financial and military infrastructure, and vendors for sanctions designations. The Commerce Department added 57 companies to its list of export control violators, and the State Department added more than 900 people to its visa restrictions list.

President Joe Biden said of Putin’s actions: “Make no mistake: these actions have no legitimacy. He said the new financial sanctions will impose costs on people and businesses inside and outside Russia “that provide political or economic support to illegal attempts at change.” the status of Ukrainian territory.

“I look forward to signing Congressional legislation that will provide an additional $12 billion to support Ukraine,” he said.

The United States and the European Union step up the intensity of sanctions after Russia announces it is mobilizing up to 300,000 additional troops to join the invasion of Ukraine and Putin ratifies the results Kremlin-orchestrated annexation “referendums” that Kyiv and the West call sham elections.

Putin warned that Russia would never abandon the absorbed regions – Donetsk, Lugansk, Kherson and Zaporizhzhia regions – and would protect them as part of its sovereign territory.

In Washington, Treasury Secretary Janet Yellen said, “We will not sit idly by as Putin fraudulently attempts to annex parts of Ukraine.”

“The Treasury Department and the U.S. government are today taking sweeping steps to further weaken Russia’s already degraded military-industrial complex and undermine its ability to wage its illegal war.”

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