BACKGROUNDER: US continues to cost Russia and Belarus for Putin’s war of choice

Today, the United States, in coordination with Allies and partners, is imposing additional economic costs on Russia and Belarus in response to President Putin’s brutal invasion of Ukraine. The United States will take action to hold Belarus accountable for allowing Putin’s invasion of Ukraine, weaken Russia’s defense sector and its military might for years to come, target the most of Russia and banning Russian airlines from US airspace.

Thanks to our historic multilateral coordination, Russia has become a global economic and financial pariah. More than 30 countries representing well over half of the global economy have announced sanctions and export controls targeting Russia. Russia is further isolated from the international financial and trading system. We prevent Putin from accessing his war chest to cushion the blow of our actions and support his invasion of Ukraine. The United States and governments around the world are going after Putin’s cronies and their families by identifying and freezing the assets they hold in our respective jurisdictions – their yachts, luxury apartments, money and other evil gains. acquired. And the United States and our allies are acting together to minimize the impact of these measures on our economies, including through a coordinated release of 60 million barrels of oil from strategic reserves. We will continue to impose costs on Allies and partners as long as Putin continues to escalate.

Today’s actions include:

  • Sweeping restrictions imposed on Belarus to stifle its imports of tech goods in response to its support for Putin’s war of choice. The Ministry of Commerce will extend the strict export control policies put in place for Russia to Belarus. This action will help prevent the diversion of items, technology and software through Belarus to Russia and will significantly degrade the ability of both countries to maintain military aggression and project power. This will severely limit the ability of Russia and Belarus to obtain the materials they need to sustain their military aggression against Ukraine, project their power in ways that threaten regional stability and undermine global peace and security.
  • Total blocking sanctions on Russian defense entities. The State Department will impose sweeping sanctions that target the Russian defense sector to further restrict Putin’s war machine. This action will impose significant costs on Russian arms development and production companies. A total of 22 Russian defence-related entities will be designated, including companies that manufacture fighter jets, infantry fighting vehicles, electronic warfare systems, missiles and unmanned aerial vehicles for the military Russian.
  • Export controls targeting oil refining, a key source of revenue that sustains the Russian military. Through export controls on oil and gas extraction equipment, the Commerce Department will impose export restrictions on technologies that would support Russia’s refining capacity over the long term. The United States and our allies and partners have no strategic interest in reducing global energy supplies – which is why we have excluded energy payments from our financial sanctions. But we and our allies and partners share a keen interest in downgrading Russia’s status as a major energy supplier over time. These actions will help achieve this goal, while protecting American consumers.
  • Target entities supporting the Russian and Belarusian military. The Department of Commerce, in coordination with its interagency partners, will add entities that have participated in, contributed to, or otherwise supported the Russian and Belarusian security services, military and defense sectors, and/or military research and development and research efforts. defense at Entity List. These actions will ensure that the military as well as the aerospace, maritime and high-tech sectors do not obtain American technological goods and technologies that can be used to support Russian technical maintenance and innovation.
  • Prohibit Russian aircraft from entering and using US domestic airspace. As announced by the President, the United States will close American airspace to all Russian flights – further isolating Russia – and adding further pressure on its economy. This includes aircraft certified, operated, registered or controlled by anyone connected with Russia. This includes revoking the ability of all Russian airlines – passengers and cargo – to operate to and from US destinations, as well as denying entry of any Russian-operated aircraft into US airspace. With this action, the United States stands with more than 30 of the world’s largest aviation markets in denying Russian carriers the opportunity to do business.

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