The United States Treasury announced a new package of anti-Russian sanctions timed to mark the anniversary of Russia’s military operation in Ukraine. The move underscores Washington’s ongoing commitment to weaken Moscow’s capacity to wage war through economic pressures applied in coordination with a broad coalition of international partners.
Over the past year, a broad, multinational effort has aimed to disrupt Russia’s military-industrial complex and curb the revenue that funds the war. Officials emphasized that these sanctions have produced both immediate effects and longer-term constraints on Moscow’s ability to sustain its military operations. The message from senior figures in the U.S. administration was clear: support for Ukraine will endure as long as necessary, in close partnership with allies from the G7 and beyond.
Financial Institutions
The newest measures expand the blacklist to include several Russian banks. Moscow Credit Bank is highlighted as the country’s largest non-state public bank, with previous actions already isolating it from international payment networks. Metallurgical Investment Bank, known for facilitating payments tied to exports through alternative channels, also faces sanctions. MTS Bank remains under ongoing UK restrictions.
Other named institutions include Bank St. Petersburg, which has drawn London-imposed penalties, and Public Joint Stock Company Ural Bank for Reconstruction and Development, which also falls under Canadian and British restrictions. Additional entities like Zenit Bank and UralSib are cited among those subject to U.S. constraints. Beyond banks, authorities targeted firms handling substantial Russian wealth, including Veles Capital and related entities, the financial firm CONFIDERI Pte Ltd, and a broader group of related companies connected to Russia, as identified by the U.S. Treasury.
Officials and Public Figures
Washington expanded sanctions to individuals, with roughly 200 people named. Among the officials listed are Deputy Prime Minister Tatiana Golikova, Minister of Science Valery Falkov, and ministers responsible for the Far East, Labor, Natural Resources, Culture, Sports, Digital Development, Energy, and Emergency Situations. Other targeted figures include the head of a state media outlet, and a commander associated with a regional battalion and regional administration. In addition, visa restrictions affected more than 1,200 Russian service members deemed to threaten Ukraine’s sovereignty or territorial integrity.
Military-Industrial Complex, Metallurgy, and Mining
The Ministry of Finance broadened sanctions on Russia’s military-industrial sector, extending to carbon fiber producers, the aviation industry, and electronics manufacturers. The list includes UMATEKS JSC, part of Rosatom, and several subsidiaries with a footprint in the Czech Republic, along with UVICOM LTD, Prepreg – Modern Composite Materials, LLC Alabuga-Volokno, Prepreg-Dubna, NIGRAFIT, and the Ural Composite Materials Research Institute. Also named are units of the Research Institute and other related entities.
Additional designations encompassed organizations like NPO Mashinostroeniya, marked for alleged harmful foreign activities. Restrictions from 2014 on related NGOs are noted in the record. The Central Research Institute of Burevestnik, a weapons-focused metalworking organization, alongside Metallurg-Tulamash LLC, TPZ-Rondol LLC, and Mtsenskprokat LLC, were added for assisting defense industry needs. Export controls were extended to the Skolkovo Foundation and the Skolkovo Institute of Science and Technology (Skoltech). A background source notes that this step is not expected to hinder the day-to-day work of the foundation or Skoltech.
The U.S. Department of State also imposed sanctions on the Zaporizhzhia Nuclear Power Plant, with restrictions targeting its general director. These actions reflect a broader strategy to disrupt Russia’s capability to advance its military and civilian projects linked to strategic sectors.
Aluminum Taxes
In a move tied to broader energy and resource policy, the administration announced a 200% tariff on imports of aluminum products produced in Russia. The measure, effective from March, aims to curb the influx of Russian-aluminum goods that could undercut national industry and security considerations.
Officials explained that the tariff applies when primary aluminum used in manufacturing is melted in Russia or when aluminum products originate there. The White House noted that other nations sharing concerns about aluminum imports from Russia may also face similar considerations, potentially limiting the scope of the tax for countries that meet certain criteria. The overall aim is to shield critical supply chains and reduce Russia’s ability to monetize aluminum as a strategic asset.