The United States has decided to expand its criteria for imposing secondary sanctions, showing no signs of easing. According to the Financial Times, the US government plans to widen the list of Russian companies subject to these restrictions. Washington is poised to toughen its executive order on Russia-related secondary sanctions.
The US Department of the Treasury intends to broaden its secondary sanctions program against Russia, the publication reports. The Biden administration is expected to increase the number of entities subject to penalties from 1,200 to more than 4,500. The updated list will also include companies that have previously been sanctioned.
This executive order allows Washington to impose sanctions on foreign financial institutions that assist Moscow in conducting transactions for Russian companies already under sanctions.
Earlier reports indicated that the White House plans to ban the sale of semiconductor chips to Russia. These restrictions target devices manufactured outside the United States but using American technology or equipment. This move is part of a new raft of US sanctions against Russia.
