Four individuals and two legal entities connected to Cyprus have been included in a new U.S. sanctions list. This action is part of the broader response to Russia's aggression in Ukraine. The comprehensive list, featuring 130 individuals and entities worldwide, was disclosed yesterday evening by the U.S. Treasury Department.

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) released a statement on Thursday detailing the scope of these sanctions. The statement revealed, "Today’s sanctions are directed at individuals and entities that are aiding Russia’s reprehensible war against Ukraine by providing essential technology and equipment from third-party countries."

Furthermore, the statement emphasized, "These measures also target Russia’s domestic industrial base." It elaborated, "By implementing these designations, the Treasury disrupts the production, export, and import of almost all high-priority items identified by the international coalition enforcing sanctions and export controls against Russia."

Secretary of the Treasury Janet L. Yellen remarked, “Russia relies on compliant third-country individuals and entities to replenish its military and sustain its egregious war against Ukraine. We are committed to holding them accountable.” She underscored that the global sanctions coalition "has significantly weakened the Kremlin’s capacity to conduct its unprovoked war." Yellen added, "Today’s actions underscore our ongoing commitment to sever every part of the Russian military supply chain and target any external support for Russia’s war efforts."

The statement also highlighted additional measures: "The U.S. Department of State is implementing nearly 100 sanctions today. These target Russia’s prospective energy production and revenues, the metals and mining sector, defense procurement, and those aiding the Russian government's war effort and other harmful activities."