US prepares to sanction firms providing tech and intelligence services to Russian military, report says
The penalties would be the last under a Executive Decree signed by President Joe Biden. The order prohibits certain transactions related to Russian efforts to undermine and destabilize Ukraine.
Justine Walker, who leads global sanctions and risk at the Association of Certified Anti-Money Laundering Specialists, told the WSJ that these measures “can have a very significant impact, which will then spread to the entire Russian economy”. She added that hitting those supply chains has a “pretty immediate effect.”
The US Treasury Department did not immediately respond to Insider’s request for comment.
The new sanctions would prevent Russia from acquiring goods and services for civilian and military purposes, according to US officials and documents reviewed by the WSJ.
Companies expected to be targeted include Serniya Engineering and equipment maker Sertal, which have been added to a US list banning exports of sensitive technology to them.
The United States will also impose sanctions on what it describes as four shell companies used by the two companies to facilitate their purchases for the military, according to the report.
Walker told the WSJ that the measures are designed to prevent Russia from importing critical technologies, weakening both the capabilities of its military and the economy as a whole.
As the United States and its allies continue to find ways to suppress the Russian elite in the wake of the invasion of Ukraine, Insider’s Kate Duffy previously reported on why EU sanctions targeted 15 oligarchs.