The U.S. on Friday sanctioned more than 1,000 people and firms connected to Russia's invasion of Ukraine, including its Central Bank governor and families of Security Council members, after President Vladimir Putin signed treaties absorbing occupied regions of Ukraine into Russia in defiance of international law.
The Treasury Department named hundreds of members of Russia's legislature, leaders of the country's financial and military infrastructure and suppliers for sanctions designations. The Commerce Department added 57 companies to its list of export control violators, and the State Department added more than 900 people to its visa restriction list.
The U.S. and European Union are stepping up the intensity of sanctions after Russia announced it was mobilizing up to 300,000 more troops to join the invasion of Ukraine and Putin ratified the results of Kremlin-orchestrated annexation "referendums" that Kyiv and the West call sham elections. Treasury Secretary Janet Yellen said, "We will not stand by as Putin fraudulently attempts to annex parts of Ukraine."
Democratic and Republican lawmakers this week accused the Biden administration of overpromising and under-delivering on how hard and quickly initial rounds of sanctions would hit Russia and hurt Putin's ability to keep waging his war in Ukraine. State and Treasury officials also are calling for increased sanctions on Russia's arms and high-tech suppliers. Together, sanctions in those two areas could make fighting and funding the Ukraine war unsustainable, they say.
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