US targets Russian military procurement network in new sanctions
The United States on Wednesday imposed fresh sanctions on Russia over the war in Ukraine, targeting a network that Washington accused of procuring military and dual-use technologies from US manufacturers and supplying them to Russian users.
The US Treasury Department said it imposed sanctions on Russian national Yury Yuryevich Orekhov, whom it accused of being a procurement agent, and two of his companies - Nord-Deutsche Industrieanlagenbau GmbH and Opus Energy Trading LLC.
Deputy Secretary of the Treasury Wally Adeyemo said sanctions and export controls imposed by a broad coalition of allies had left Russia increasingly struggling to secure "inputs and technologies" for its war.
Keep updated, follow The Business Standard's Google news channel
"We know these efforts are having a direct effect on the battlefield, as Russia's desperation has led them to turn to inferior suppliers and outdated equipment," he said in a statement.
