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FILE - The Treasury Building is viewed in Washington, May 4, 2021. (AP Photo/Patrick Semansky, File)

US sanctions 398 firms in more than a dozen countries, accusing them of helping Russia's war effort

The U.S. on Wednesday imposed sanctions on 398 firms across Russia, India, China, and more than a dozen other nations — accusing them of providing products and services that enable Russia’s war effort and aid its ability to evade sanctions

By FATIMA HUSSEIN
Published - Oct 30, 2024, 01:00 PM ET
Last Updated - Dec 16, 2024, 05:50 PM EST

WASHINGTON (AP) — The U.S. on Wednesday imposed sanctions on 398 firms across Russia, India, China and more than a dozen other nations, accusing them of providing products and services that enable Russia’s war effort and aid its ability to evade sanctions.

The effort spearheaded by the Treasury and State departments is aimed at punishing “third party countries” that are accused of providing material assistance to the Kremlin or assisting Russia in evading the thousands of sanctions that have been imposed on the country since its invasion of Ukraine in February 2022.

Among those sanctioned by the Treasury Department are 274 companies accused of supplying Russia with advanced technology, as well as Russia-based defense and manufacturing firms that produce or finish military products that maintain the weaponry used against Ukraine.

Additionally, the State Department imposed diplomatic sanctions on several senior Russian Ministry of Defense officials and defense companies, a group of China-based companies that export dual-use goods that fill critical gaps in Russia’s military-industrial base and entities and individuals in Belarus related to the Lukashenko regime’s support for Russia’s defense industry.

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