U.S. to sanction military procurement network aiding Russia, Yellen says

Janet Yellen, U.S. Treasury Secretary

© APA | Janet Yellen, U.S. Treasury Secretary

# 14 November 2022 08:21 (UTC +04:00)

U.S. Treasury Secretary Janet Yellen said the United States will impose new sanctions on a transnational network of individuals and companies that have been working to procure military technologies for Russia's war effort in Ukraine, APA reports citing Reuters.

Yellen told reporters on the sidelines of the G20 summit in Bali the sanctions would target 14 individuals and 28 entities, including financial facilitators, but she declined to provide details on where they were located. She said the announcement was scheduled for later on Monday.

"This is part of our larger effort to disrupt Russia's war effort and deny equipment it needs through sanctions and export controls," Yellen told reporters.

She declined to provide details on which technologies the sanctions would target in an effort to cut off Russian purchases.