US to announce new package of tougher sanctions against Russia - Bessent

US to announce powerful new sanctions against Russia

The United States is preparing Significantly increase sanctions pressure on Russia, said the US Treasury Secretary John Bessent. According to him, the official announcement of the new package of restrictions will be made tomorrow at a joint press conference of the Ministry of Finance and the State Department.

Minister's quote

«We will implement the most extensive sanctions in the last year. They will target financial institutions, defence companies and technology providers that help Russia circumvent existing restrictions,» Bessent said.

He added that the new package will be agreed with the G7 countries and the European Union, and some of the sanctions will be implemented jointly with the UK government.

Main areas of new restrictions

According to the US media, the upcoming sanctions package includes:

• expanding the list of sanctioned banks and financial institutions;

• ban on export of electronic components and dual-use chips to the Russian Federation;

• Sanctions against defence companies, The company produces missiles, drones and artillery;

• restrictions for shipping companies, that transport Russian oil in excess of the price limit.

Reaction of international partners

The EU and the UK have already confirmed that they are working on Coordination of sanctions lists.
Analysts believe that the new restrictions may become the strongest since the beginning of 2024, when the US first imposed comprehensive sanctions on the Russian defence industry.

«This is a signal to the Kremlin that economic isolation will only deepen as long as the war against Ukraine continues,» the US Treasury official said.