The U.S. sanctions are meant to deter Russia from invading Ukraine.
on Thursday, though not the full economic punishment Ukraine and others have called for including putting sanctions on Putin himself.
Americans and American businesses are also prohibited from doing business with these institutions, unless authorized by the U.S. Department of Treasury's Office of Foreign Assets Control. "There aren't a lot of semiconductors in the world that don't have an American component," said Tom Graham, an expert on Russia at the Council on Foreign Relations, to ABC News.
"Today's action constrains Russia's ability to finance defense-related contracts and raise new funds to finance its campaign against Ukraine," the Department of Treasury said in a statement Tuesday.Russian armored vehicles are loaded onto railway platforms at a railway station in region not far from Russia-Ukraine border, in the Rostov-on-Don region, Russia, Feb. 23, 2022.
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