US announces fresh sanctions targeting Russia
The United States announced Friday a series of fresh sanctions against those who are supporting Russia's war in Ukraine.
The White House said the new sanctions target more than 200 people and companies in Russia and other countries around the world. The Biden administration will also target a dozen Russian financial institutions as well as Russian officials and will restrict U.S. companies from exporting products to around 90 companies in Russia and other countries, including China, according to the White House.
The products that will be limited, such as semiconductor chips, are being used for "sanction evasion and backfill activities in support of Russia's defense sector," the White House said.
The U.S. will also increase tariffs on Russian metals, minerals and chemicals, which will eventually cost Moscow some $2.8 billion, according to the White House.
"These sanctions, export controls, and tariffs are part of our ongoing efforts to impose strong additional economic costs on Russia," the White House said. "We will continue to work with our allies and partners to use all economic tools available to us to disrupt Russia’s ability to wage its war and degrade its economy over time."
The announcement came on the one-year anniversary of Russia's full-scale invasion of neighboring Ukraine.
-ABC News' Cheyenne Haslett