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US targets firms in UAE, Turkey over Russia sanctions evasion

The latest tranche of sanctions come as the Biden administration seeks to crack down on Russia’s financial facilitators.
The US Treasury Department in Washington, DC, on March 28, 2023. (Photo by Stefani Reynolds / AFP) (Photo by STEFANI REYNOLDS/AFP via Getty Images)

WASHINGTON — The Biden administration unveiled new sanctions Wednesday on more than 120 targets, including firms based in Turkey and the United Arab Emirates, accused of bolstering Russia’s war effort in Ukraine and helping it evade sanctions. 

Since the full-scale Russian invasion of Ukraine more than a year ago, the United States and its Western allies have imposed heavy sanctions designed to isolate Moscow. To restrict the revenue that Russia needs to fund its war, the Treasury Department has cracked down on the intermediaries used to circumvent sanctions and export controls. 

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