Close Menu
  • Homepage
  • Local News
  • India
  • World
  • Politics
  • Sports
  • Finance
  • Entertainment
  • Business
  • Technology
  • Health
  • Lifestyle
Facebook X (Twitter) Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
Facebook X (Twitter) Instagram Pinterest
JHB NewsJHB News
  • Local
  • India
  • World
  • Politics
  • Sports
  • Finance
  • Entertainment
Let’s Fight Corruption
JHB NewsJHB News
Home»Finance»U.S. to sanction military procurement network aiding Russia, Yellen says
Finance

U.S. to sanction military procurement network aiding Russia, Yellen says

November 14, 2022No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

NUSA DUA, Indonesia, Nov 14 (Reuters) – U.S. Treasury Secretary Janet Yellen mentioned the USA will impose new sanctions on a transnational community of people and corporations which were working to acquire navy applied sciences for Russia’s battle effort in Ukraine.

Yellen advised reporters on the sidelines of the G20 summit in Bali the sanctions would goal 14 people and 28 entities, together with monetary facilitators, however she declined to offer particulars on the place they have been situated. She mentioned the announcement was scheduled for afterward Monday.

“That is a part of our bigger effort to disrupt Russia’s battle effort and deny gear it wants by way of sanctions and export controls,” Yellen advised reporters.

She declined to offer particulars on which applied sciences the sanctions would goal in an effort to chop off Russian purchases.

The U.S. Treasury has sanctioned main navy industrial corporations in Russia and the Commerce Division has minimize off exports of American-made parts and U.S. applied sciences which were utilized in a few of Russia’s navy {hardware}. Yellen mentioned these have been already having an impression on the battlefield in Ukraine.

Russia has managed to acquire drones from Iran which were used to assault cities and energy infrastructure in Ukraine. Iranian navy entities and industries are already beneath heavy U.S. sanctions over Tehran’s nuclear growth program, and it was unclear whether or not any of the sanctions have been associated to these drone munitions purchases.

Yellen additionally mentioned that on the identical time the USA would proceed to assist Ukraine with monetary and financial help. The Biden administration has requested an extra $4.5 billion in non-military help from Ukraine, and Yellen mentioned that, as soon as congressional approval was secured, the Treasury would instantly start disbursing it to Ukraine.

Reporting by David Lawder; Enhancing by Jacqueline Wong

: .

Source link

aiding Military network procurement Russia sanction U.S Yellen
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Heavy-duty truck parts maker, distributor to close after 46-year run

May 30, 2025

SharpLink Announcement Breathes New Life Into Ether ETFs

May 30, 2025

Broadridge Partners with Novisto to Launch Advanced Sustainability Reporting Platform

May 30, 2025

U.S.-China talks ‘stalled’ and need Trump and Xi to weigh in, Bessent says

May 30, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Timothée Chalamet in ‘New Kanye’ Fears

May 30, 2025

IndiGo to start direct flights to London, Athens, 8 other overseas cities this fiscal: CEO Pieter Elbers | Business News

May 30, 2025

Samsung Galaxy S25 Edge Review: Design You’ll Pay a Price for

May 30, 2025

Heavy-duty truck parts maker, distributor to close after 46-year run

May 30, 2025
Popular Post

Dusty Baker on the passing of Fernando Valenzuela: ‘He came like an angel to us’

Chhattisgarh CM announces unemployment allowance for youth from next financial year

UnitedHealthcare CEO ‘Assassin’ Was a ‘Drug Crazed Celibate’

Subscribe to Updates

Get the latest news from JHB News about Bangalore, Worlds, Entertainment and more.

JHB News
Facebook X (Twitter) Instagram Pinterest
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
© 2025 Jhb.news - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.