US Sanctions 400 Entities, Including Russian and Chinese Companies, for Aiding Russia’s War

“Russia has turned its economy into a tool in service of the Kremlin’s military industrial complex,” Deputy Treasury Secretary Wally Adeyemo said in a statement. “Companies, financial institutions, and governments around the world need to ensure they are not supporting Russia’s military-industrial supply chains.”
Earlier this year, Secretary of State Antony Blinken met with CCP leader Xi Jinping and again raised concerns about the CCP supporting the Russian military. In response, a Chinese Foreign Ministry spokesperson said the United States should “stop scapegoating China.”
The Treasury and State departments on Aug. 23 identified and sanctioned several Chinese companies supplying the Russian military, including Hong Kong-based Smart Kit, which has shipped chip-making machines to Russia’s Inzhiniring Grupp, and Hong Kong-based Siliborn, which shipped electronic integrated circuits to a Russian robotics company on a U.S. blacklist.
Other companies include Hong Kong- and China-based electronics companies sending machine tools, circuits, engines, and millions of dollars worth of other technological tools to Russian companies involved in manufacturing drones, chips, and other electronic equipment used by the military. Several of the Russian companies buying these materials were already on U.S. blacklists.
Swiss national Anton Daniel Wyss was identified as a “major enabler of Russian cash flow in Switzerland and Liechtenstein,” helping hide Russian ownership and investment in foreign ventures in partnership with Austrian nationals Alexander Franz Josef Lins and Stefan Anton Wolf.
Russian technology company Promtekh, already blacklisted, was found to have a supply chain involving French, Chinese, and Turkish firms working together to provide the company with technology.
Another 30 companies related to the Russian metals and mining industry were sanctioned, including MMK, one of the world’s leading steel companies and the largest iron and steel company in Russia.
The sanctions come a day ahead of Ukrainian Independence Day, officials noted, and reflect the commitments made by the United States in support of Ukraine following the G7 summit.