Ahead of a meeting later this week with Ukrainian President Volodymyr Zelensky at the Group of 7 nations leadership summit, the Biden administration has slapped 300 new sanctions on Russia
in a further attempt to squeeze the war coffers as Moscow continues to circumvent sanctions most significantly, via China . Sanctions announced by the U.S. Department of Treasury on Wednesday added approximately 300 new sanctions on individuals and entities helping the Kremlin continue its war against Ukraine and enabling sanctions evasion.
Other IT-consultancy-related restrictions have also been added to the roster. Earlier this week, Bloomberg reported that a Russian tanker had attempted to circumvent U.S. sanctions by surreptitiously transferring its oil cargo to another vessel offshore Singapore. Earlier this year, the United States sanctioned Sovcomflot and 14 individual tankers for their participation in Russian crude oil exports amid the G7 price cap regime.
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