The US is sanctioning almost 400 individuals and companies in India, China and Turkey as part of a bid to crack down on a sprawling network that has helped keep Russia’s war machine running nearly three years into its full-scale invasion of Ukraine.
The list of targets includes companies in China, a U.S. adversary that has openly helped Russian President Vladimir Putin, as well as entities in countries that work with the U.S. such as India, Turkey and Switzerland. That risks new friction with the very governments the U.S. is hoping it can count on to further isolate Russia.
The U.S. and its allies have piled thousands of sanctions on Russia since the invasion in February of 2022, yet the country’s GDP is projected to grow 3.5% to 4% in 2024. The new actions are intended in part as a warning to countries outside the U.S. and Russia about the risk of doing business with the Kremlin, a senior U.S. official told reporters on condition of anonymity.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.