The war has been going on for almost two years.
“Today’s sanctions focus on persons benefiting from, supporting, and sustaining Russia’s brutal war of choice against Ukraine,” a release from the Treasury Department said.
The oligarchs and entitles that are sanctioned by the two departments are focused on Russia’s industrial base, the construction sector, the oil and gas industry and the financial sector.
“With today’s sanctions, the United States is continuing our relentless work to target Russia’s military supply chains and deprive Putin of the equipment, technology, and services he needs to wage his barbaric war on Ukraine,” said Secretary of the Treasury Janet L. Yellen. “We have also made clear that those individuals and entities who profit from invasion and their proximity to the Kremlin will be held accountable, and today’s actions show our global reach in imposing severe costs on Putin’s oligarchs.”
The Treasury Department said the sanctions are designed to further limit Russia’s ability to carry out the war.