The United States will impose sanctions on over 500 targets on Friday in action marking the second anniversary of Russia's invasion of Ukraine, Deputy U.S. Treasury Secretary Wally Adeyemo told Reuters in an interview on Thursday,
Reuters reports.
The action, taken in partnership with other countries, will target Russia's military industrial complex and companies in third countries that facilitate Russia's access to goods it wants, Adeyemo said, as Washington seeks to hold Russia to account over the war and the death of opposition leader Alexei Navalny.
"Tomorrow we'll release hundreds of sanctions just here in the United States, but it's important to step back and remember that it's not just America taking these actions," Adeyemo said.
The package will be the latest of thousands of sanctions targeting Moscow announced by the United States and its allies following Russia's 2022 invasion of Ukraine, which has killed tens of thousands and destroyed cities.
The new penalties come as the U.S. and its allies look to maintain pressure on Russia, despite doubts over whether the U.S. Congress will approve additional security assistance for Kyiv.
President Joe Biden's administration has exhausted money previously approved for Ukraine, and a request for additional funds is languishing in the Republican-controlled House of Representatives.
"Sanctions and export controls are geared towards slowing Russia down, making it harder for them to fight their war of choice in Ukraine," Adeyemo said.
