As part of a package of new sanctions on Russia that are effective February 24, 2022, the United States imposed a series of significant new export control measures on exports of many products, software.
For months now, the West has watched a steady flow of satellite images showing Russian conventional forces and equipment being deployed in extraordinary numbers surrounding Ukraine.
This week, the United States, European Union, and allied countries imposed a broad range of sanctions and export control restrictions on Russia in response to Russia’s invasion of.
President Joe Biden announced sanctions and export controls against Russia that are in addition to those imposed on the 21st and 22nd of February. This escalation of sanctions is in response to Russia’s military advance into Ukraine on multiple fronts.
Major Russian Banks Blocked from the U.S. Financial System. Six major Russian banks VEB, Promsvyazbank PSB, VTB Bank, Otkritie, Sovcombank, and Novikombank were named Specially Designated Nationals SDNs, effectively cutting them off from any activity.