US Treasury actions target any support for the Russian military and expand the scope of restrictions on exports from Russia and Belarus.
The blacklist includes 69 Russian entities, one from Armenia and one from Kyrgyzstan.
The ministry said the new export sanctions target oil and gas projects in Russia and Belarus.
The new sanctions are part of the latest set of measures and export controls imposed by the United States and other countries after the Ukraine war, aimed at undermining Russia’s industrial base and its ability to continue the war.
The new measures come as the United States and other major G7 economies agreed to toughen sanctions on Russia during their meeting in Japan, with the aim of “depriving it of technologies, industrial equipment and services of the G7 who support his war campaign” in Ukraine.
A statement said the sanctions included restrictions on exports of products “essential to Russia on the battlefield” and targeted entities accused of transporting equipment to the front for Moscow.
Earlier in the week, the US President’s national security adviser, Jake Sullivan, confirmed that the G-7 countries would not agree at the summit in Japan to impose a complete ban on exports of Western goods to the Russia.
Sullivan said at a press conference in response to a question about it, “I don’t expect what’s been mentioned, which is this complete export ban.”
He added that “the primary concern with sanctions will be to monitor compliance with them and prevent circumvention.”
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