The United States has imposed restrictions on approximately 400 individuals and entities in connection with Russia’s continued war against Ukraine, the U.S. Treasury Department said on Friday.

"Building on the sanctions already imposed on Russia in response to its continued war of aggression against Ukraine, today the U.S. Department of the Treasury and the Department of State targeted nearly 400 individuals and entities both in Russia and outside its borders – including in Asia, Europe, and the Middle East – whose products and services enable Russia to sustain its war effort and evade sanctions," according to the press release.

It noted that the sanctions target multiple transnational networks involved in obtaining munitions and military goods for Russia. In addition, the measures will affect the organizers of the supply of certain types of electronics and equipment to russia.

"Russia has turned its economy into a tool in service of the Kremlin’s military industrial complex. Treasury’s actions today continue to implement the commitments made by President Biden and his G7 counterparts to disrupt Russia’s military-industrial base supply chains and payment channels," Deputy Secretary of the Treasury Wally Adeyemo said.

According to him, companies, financial institutions, and governments around the world must ensure that they do not support the supply chains of the Russian military-industrial base.

"Today’s sanctions further limit Russia’s future revenue from metals and mining," the Treasury said. In addition, its measures affect some Russian companies that provide IT technologies to the Russian financial sector.

It is noted that the U.S. Treasury is aware of Russia's attempts to facilitate sanctions evasion by opening new foreign branches and subsidiaries of Russian financial institutions. In this regard, the U.S. department calls on foreign regulators and financial institutions to exercise caution regarding any transactions with foreign branches or subsidiaries of Russian financial institutions, including attempts to open new branches or subsidiaries of entities not under sanctions.

Head of the President's Office of Ukraine Andriy Yermak thanked the United States in a Telegram channel for the new package of sanctions against individuals associated with the Russian fuel and energy and metallurgical sectors, the financial sector and the supply of dual-use goods for the Russian military-industrial complex in circumvention of sanctions.

In his opinion, the new restrictions will significantly affect key oil and gas projects for Russia. In particular, the following companies were sanctioned: Ekropromstroy LLC, a subsidiary of Novatek, which received 40% of Arctic LNG-2 LLC; Mezhregionstroy LLC, which is building facilities for the Vostok Oil project from Rosneft; JSC Yakutsk Fuel and Energy Company (YATEK), responsible for the LNG Yakutia project.

The sanctions are also imposed on the largest coal exporters from Russia, such as SDS Ugol (Coal), UK Mechel-Mining, JSC Stroyservice, and two subsidiaries of Rosatom, Yermak said.

He said the sanctions lists include Russian military development institutes, manufacturers of unmanned aerial vehicles and electronics, as well as companies that serve the needs of the Russian military-industrial complex, along with their owners and management.

In addition, sanctions are imposed on numerous intermediaries from the UAE, Hong Kong, Turkey, Kazakhstan, Kyrgyzstan, and China that supplied microelectronics to Russia in circumvention of sanctions; some of these companies supplied goods worth millions of dollars, Yermak said.

The sanctions also apply to networks of entities involved in providing the Russian military-industrial complex, including participants in the scheme for supplying Western components to the manufacturer of Su fighter jets. "The United States is also tightening controls on exports to Russia and Belarus and restricting access of companies from these countries to software for numerically controlled machines. The list of companies subject to strict export licensing requirements includes 131 companies from Russia, China, Iran, Turkey, the UAE, Kazakhstan and other countries suspected of violating sanctions," the presidential office's head said.