Washington: The Treasury and State departments announced that the United States on Thursday imposed sanctions related to Russia against nearly 120 individuals and organizations in an effort to restrict Moscow's access to electronics and other products that support its war against Ukraine.

The new regulations also aim to "degrade Russia's access to the international financial system, undermine Russia's future energy capabilities, and reduce Russia's revenue from the metals and mining sector," according to a statement from the Treasury.

Deputy Treasury Secretary Wally Adeyemo said in the statement that "today's actions represent another step in our efforts to constrain Russia's military capabilities, its access to battlefield supplies, and its economic bottom line."

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The latest sanctions were referred to as "endless attacks" by US President Joe Biden's administration by the Russian embassy in Washington "in the context of the hybrid war unleashed by the West against our country."

The "destructive actions" of the White House validated Russia's strategy of enhancing its "financial and technological sovereignty" and left no choice but to "accelerate the process of decoupling the dollar from global economic relations," according to an embassy statement.

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Following Russia's invasion in February 2022, the United States and other Western allies have given Ukraine tens of billions of dollars' worth of weapons and military equipment to defend itself. Allies in the West refute Moscow's assertions that they want to destroy Russia and accuse it of annexing unwarranted territory in Ukraine.

Yong Hyok Rim, a North Korean national linked to Yevgeny Prigozhin, the head of the Wagner mercenary group, for aiding in the supply of weapons to Russia, was among those targeted, according to the State Department.

Two additional private Russian military firms were targeted, including Okhrana, a unit of the Gazprom-controlled energy giant.

The State Department reported that six Russian deputy ministers, a deputy director of the FSB security service, and the governor of the Smolensk region were the targets.
The sanctions generally prohibit transactions with those targeted by US nationals or residents of the US and freeze any US properties or interests in US properties owned by those targeted.
The actions "further hold Russia accountable for its illegal invasion of Ukraine and degrade its capability to support its war efforts," according to a statement from US Secretary of State Antony Blinken.

The measures, which are the result of G7 leaders' pledges to assist Ukraine, are meant to thwart Moscow's efforts to circumvent sanctions by acquiring foreign-made electronics, technology, and other goods through intermediaries and shipment points outside of Russia, according to the US Treasury.

According to the report, many of the entities targeted have given Russia electronic components that have been found in Russian weaponry used against Ukraine. According to the Treasury, the entities included businesses with headquarters in Serbia, the UAE, and the Kyrgyz Republic.

They included LLC RM Design and Development, a Krygyz company that Treasury referred to as "a prolific shipper" of goods with both civilian and military uses to Russian recipients.

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Three additional Krygyz Republic-based companies and the Russian owner of one of them were subject to sanctions. The Treasury said the actions targeted nearly 30 Russian weapons manufacturers and institutes engaged in defense research, as well as about a dozen Russian organizations that import dual-use technologies made abroad.
In an effort to "degrade" Russia's access to the global financial system, it was claimed that sanctions had been imposed on five Russian financial institutions.