U.S. Dismisses Annexation of Ukraine Regions and Imposes Sanctions on Russian Elites

The targeting by the Treasury and Commerce Departments of scores of Russian defense firms, their alleged front companies, and some foreign suppliers, including in China, are intended to sever remaining military supply lines not already cut off by the West’s export controls, those analysts say.

“This is a pretty major step in the direction of trying to address support and technology flows that are continuing to go to sanctioned Russian entities,” said Emily Kilcrease, a former senior national security official.

Among the most prominent targets of the new sanctions is Elvira Nabiullina, the governor of the Central Bank of Russia. Ms. Nabiullina spent years modernizing Russian monetary policy and forging bonds with global markets and other central bankers. Since the Russian invasion of Ukraine, she has taken a series of steps to defend the Russian economy and currency against the Western sanctions.

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