The Commerce Department said the targeted companies had supplied items to Russian “entities of concern” before the February 24 invasion
They said that India and China are profiting from the sanctions
At his garage in the south of Moscow, 35-year-old mechanic Ivan is starting to worry.
With billions of dollars in financial reserves and money still coming in from oil and gas exports, Russia has yet to feel the full impact of the barrage of Western sanctions imposed over its offensive in Ukraine.
But Ivan sees storm clouds on the horizon.
European Union leaders have backed an embargo on "more than two-thirds" of Russian oil imports, European Council President Charles Michel was quoted as saying on Twitter.
During the ongoing summit in Brussels, Michel also commented that the maximum pressure on Russia will end the war, and the oil embargo cuts a huge source of funding for the military machine.
The EU leaders are meeting to discuss the 6th package of sanctions against Russia