Case of helping Russia( Russia) 

Washington: America has once again given a big blow to Russia. ( Russia)  About 400 companies helping Russia in Ukraine have been banned. The US on Wednesday banned 398 companies from about 15 countries, including Russia and China. All of them are accused of providing products and services that help Russia’s war efforts embroiled in the war against Ukraine. The purpose of this joint action of the US Finance and State Departments is to punish ‘third-party countries’ accused of providing material assistance to Russia or helping Russia avoid sanctions imposed by Western countries since the invasion of Ukraine.

Let us tell you that Russia first attacked Ukraine in February 2022, after which many Western countries led by the US have imposed various economic sanctions on Russia. Some Indian companies are also named in the sanctions category. The US Finance Department has imposed sanctions on 398 companies related to countries indirectly helping Russia. Of these, 274 companies are accused of providing advanced technology to Russia. The companies covered under the sanctions also include Russia-based defense and manufacturing firms.

America wants to reduce Russia’s power

America wants to reduce Russia’s power with this move. These companies produce or refine products related to weapons used against Ukraine. Apart from this, the US State Department has also imposed diplomatic sanctions on several senior officials of the Russian Defense Ministry and defense companies and a group of China-based companies. These companies are involved in the export of dual-use defense products. Deputy Finance Minister Wally Adamo said that the US and its allies are committed to reducing the strength of Russia’s war machine and stopping those who try to assist in efforts to circumvent Western sanctions and export controls.