The United States on Tuesday announced new penalties targeting top Russian business figures, a private enterprise and a financial institution that helped a Moscow-backed investment fund evade sanctions as the war in Ukraine continues to grind on after five months.
The new sanctions, announced by the Treasury Department, hit five individuals with ties to the Kremlin and Investitsionnya Kompaniya, an investment company that provides consulting services for wealthy Russians. Also sanctioned on Tuesday was the Joint Stock Company Promising Industrial and Infrastructure Technologies, a Russian bank that U.S. officials say helped elites transfer assets and cash to skirt sanctions.