Similar regulations are imposed by other G7 members.
The Department of the Treasury announced a new determination last week that sanctions and blocks the import of Russian metals and mining sector products to the U.S. This determination was put in place on the one-year anniversary of Russia’s invasion of Ukraine. Other members of the G7 imposed similar regulations to globally impact one of Russia’s largest exports.
The Treasury Department has also sanctioned 22 individuals and 83 entities associated with Russia’s efforts to circumvent other sanctions President Biden’s administration has imposed against the Russian government.
“Our sanctions have had both short-term and long-term impact, seen acutely in Russia’s struggle to replenish its weapons and in its isolated economy,” said Secretary of the Treasury Janet Yellen. “Our actions today with our G7 partners show that we will stand with Ukraine for as long as it takes.”
As the Lord Leads, Pray with Us…
- For wisdom for President Biden and Secretary Yellen as they determine sanctions to impose on Russia.
- For U.S. officials as they evaluate the necessity of staunchly supporting Ukraine.
- For discernment for the president and his administration to consider potential peace agreements.
Sources: Treasury Department
