The United States has imposed another layer of sanctions on Moscow, this time targeting state-owned enterprises, including one of the world’s largest mining companies and Russia’s top shipbuilding firm.
The Treasury and State Departments unveiled the new penalties on Thursday, saying they would hit Russia’s Alrosa mining company and the United Shipbuilding Corporation, citing the ongoing attack on Ukraine.
“These sanctions will continue to apply pressure to key entities that enable and fund Russia’s unprovoked war,” senior Treasury official Brian Nelson said, also vowing to continue efforts to “restrict the Kremlin’s access to assets.”
Alrosa is the world’s largest diamond mining operation by volume and is responsible for around 90% of Russia’s capacity, with its exports totaling more than $4.5 billion last year alone. It was previously identified as a potential candidate for sanctions under an executive order issued a little over one year ago.