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US targets Russia with sanctions, tariffs on Ukraine war anniv

February 25, 2023 00:00:00

WASHINGTON, Feb 24 (AFP): The United States (US) marked the first anniversary of Russia's invasion of Ukraine on Friday by announcing new sanctions against Russia and its allies, new export controls and tariffs aimed at undermining Moscow's ability to wage war.

Washington also said it would provide $2 billion in more weaponry for Kyiv as it prepares for a spring offensive. The aid did not include F-16 fighter jets that Ukraine has requested.

President Joe Biden was to consult leaders of the G7 allies and Ukraine President Volodomyr Zelensky at 9 a.m. (1400 GMT) to discuss what more aid can be provided to the Ukrainians.

The United States joined with G7 allies with plans to impose sanctions that will target 200 individuals and entities and a dozen Russian financial institutions.

The sanctions are aimed at targets in Russia and "third-country actors" across Europe, Asia and the Middle East that are supporting Russia's war effort, the White House said in a fact sheet.

"We will sanction additional actors tied to Russia's defence and technology industry, including those responsible for backfilling Russian stocks of sanctioned items or enabling Russian sanctions evasion," it said.

Biden was to sign proclamations to raise tariffs on Russian products imported to the United States. They will result in increased tariffs on more than 100 Russian metals, minerals and chemical products worth about $2.8 billion to Russia.

"It will also significantly increase costs for aluminum that was smelted or cast in Russia to enter the US market in order to counter harm to the domestic aluminum industry," the White House said.

The US Commerce Department will take several export control actions, listing nearly 90 Russian and third-country companies, including in China, for engaging in sanctions evasion in support of Russia's defence sector.

"These listings will prohibit the targeted companies from purchasing items, such as semiconductors, whether made in the US or with certain US technology or software abroad," the White House said.

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