The US revealed sanctions that prevented Russia from producing more tanks

The West has imposed a series of economic sanctions on Russia, including a pledge last weekend that the G7 nations would reduce their dependence on Moscow’s oil. There is, however, one sanction, known as export control, which, although less noticeable than powerful sanctions such as the seizure of Russian oligarchs, is, according to a US official. , could affect the Russian military in the near future.

The US revealed sanctions that prevented Russia from producing more tanks - 1

(Photo courtesy: Reuters)

Export control orders ban companies from supplying vital products such as semiconductors to Russia with the goal of gradually strangling the Russian economy. A senior official in the Biden administration said on May 9 that some export control orders could even hurt the Russian military in the near future.

“Due to the export control order we implemented, two Russian tank manufacturers are no longer active. Russia now has far fewer tanks than it did when they started the war and they can’t produce them. export more tanks because of the sanctions that we impose”, US Deputy Treasury Secretary Wally Adeyemo commented.

The White House said the control measures had stopped two major Russian tank factories, Uralvagonzavod Corporation and Chelyabinsk Tractor Plant, due to a lack of foreign materials.

At the same time, the EU also has new control measures for goods such as chemicals. A senior Biden administration official said late last week that export control efforts have begun for specialized products such as electronic chips and “now, we are expansion into other industrial products would have a similar effect on Russia’s ability to fulfill its war ambitions”.

The moves towards export controls come as part of a series of new measures against Russia announced on May 8, including sanctions on Russian individuals and businesses, as well as sanctions. such as efforts by the G7 countries to limit Russian oil imports. The US Department of Commerce also announced on May 9 that the US will temporarily stop imposing tariffs on Ukrainian steel for 1 year.

Meanwhile, on May 10, French Minister for European Affairs Clement Beaune said that the EU announcement of the Russian oil embargo would take place in a few days. The official also expressed hope that Hungary’s doubts on the matter would be resolved as soon as possible.

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