U.S. Sanctions Nearly 400 Firms, Accusing Them of Aiding Russia�s War Effort

INSUBCONTINENT EXCLUSIVE:
Washington on Wednesday unveiled a new round of sanctions against almost 400 people and companies it accused of supplying Russia with
advanced technology to support its "war machine."The United States Treasury Department announced sweeping sanctions against 275 individuals
and entities in countries including India, China, Switzerland and Turkey, with the restrictions aimed at "disrupting global evasion
networks.""The United States and our allies will continue to take decisive action across the globe to stop the flow of critical tools and
technologies that Russia needs to wage its illegal and immoral war against Ukraine," Deputy Treasury Secretary Wally Adeyemo said in a
statement."As evidenced by today's action, we are unyielding in our resolve to diminish and degrade Russia's ability to equip its war
machine and stop those seeking to aid their efforts through circumvention or evasion of our sanctions and export controls," he added.The
Treasury's sanctions were supported by additional new restrictions introduced by the United States State Department."Building on the
unprecedented measures we have already imposed in coordination with our allies and partners, the United States is today imposing sanctions
on nearly 400 entities and individuals for enabling Russia's illegal war against Ukraine," United States Secretary of State Antony
Blinken said in a statement."The Department of State is targeting sanctions circumvention by parties in multiple third countries, several
senior Russian Ministry of Defense officials and defense companies, and those that support the development of Russia's future energy
production and exports," he added.The United States Commerce Department also unveiled trade restrictions against 40 foreign entities over
"their support for the Kremlin's illegal war in Ukraine."In addition, trade authorities tightened existing restrictions on another 49
foreign entities from countries including China, Britain and the United Arab Emirates "to address their procurement of high-priority
US-branded microelectronics and other items on behalf of Russia.""American products do not belong in the hands of those who prop up Russia's
defense industrial base," Commerce Department Under-Secretary for Industry and Security, Alan Estevez, said in a statement.