U.S. Expands Sanctions on Entities Supporting Russia’s Ukraine Conflict, Includes S. Korean Firm

Washington, D.C. - The U.S. government announced on Friday a significant expansion of its sanctions regime targeting Russia's continued aggression against Ukraine and addressing the death of Russian opposition leader Alexei Navalny. This latest round of sanctions includes a South Korean company among the newly listed entities facing trade restrictions.

According to Yonhap News Agency, the Bureau of Industry and Security under the Commerce Department has added 93 entities to its trade restriction list. This list now includes Daesung International Trading, a firm based in Gimhae, South Korea. The move comes as part of a broader initiative by the U.S. to tighten the noose on Russia's economic capabilities in response to its actions in Ukraine and the treatment of Navalny.

President Joe Biden had earlier disclosed the administration's plan to impose over 500 new sanctions on Russia. These measures aim at individuals involved in Navalny's imprisonment and sectors critical to the Russian economy, including the financial sector, defense industry, procurement networks, and entities across multiple continents involved in circumventing existing sanctions.

"These sanctions will ensure [Russian President Vladimir] Putin pays an even steeper price for his aggression abroad and repression at home," Biden stated, underlining the U.S. commitment to holding the Kremlin accountable for its actions.

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