The new executive order will focus on international financial institutions that facilitate the sale to Russia of technology used in weapons systems.
President Joe Biden is imposing new sanctions that target Russia’s military supply chain, the latest step by the United States to try to stop the flow of goods Russia imports for its war in Ukraine.
The sanctions in the new executive order to be signed on Friday will focus on international financial institutions that facilitate the sale to Russia of semiconductors and other technology used in drones and other weapons systems, two administration officials said.
The new sanctions come at a critical moment, with Ukraine in dire need of more Western military aid to defend itself after nearly two years of war following Russia’s invasion in early 2022.
“Our overall goal here is to put sand in the gears of Russia’s supply chain,” said a senior administration official, who spoke on background to preview the new action.
The U.S., the European Union and other allies have hit Russia with broad-ranging economic sanctions and export controls since the start of the war.
