The United States began to apply this Tuesday new sanctions against Russia agreed with the other members of the G7, which target the Kremlin’s military industry and involve the prohibition of gold imports from that country.
These provisions “strike to the heart of Russia’s ability to develop and deploy weapons and technology used for Vladimir Putin’s brutal war of aggression against Ukraine,” the Treasury Department said in a statement.
The sanctions are aimed at the Russian state military Rostec and other companies critical to the defense sector, military units and officers involved in abuses in Ukraine, the entity detailed.
The measures freeze assets of 70 entities and 29 individuals, and prohibit them from conducting financial transactions with US institutions.
“We reaffirm our commitment to work with our partners and allies to impose additional severe sanctions in response to Russia’s war against Ukraine,” said Secretary of the Department of the Treasury, Janet Yellen.
As part of the sanctions agreed with the G7, Washington banned imports of gold from Russia, the country’s main export after hydrocarbons, the Treasury Department said. The measure excludes gold that is already out of Russia.
In addition, the United States raised tariffs for more than 552 types of Russian products.