from ZeroHedge:

The Biden administration and US Treasury on Wednesday unveiled nearly 300 new anti-Russia sanctions which especially target third party entities which are said to help Moscow in sanctions-busting activities.

“The almost 300 targets being sanctioned by both Treasury and the Department of State include sanctions on dozens of actors that have enabled Russia to acquire desperately needed technology and equipment from abroad,” the Treasury Department said in a press release.

So-called dual-use items out of China are a key focus of the action, which is being hailed as one of “the most wide-ranging actions against Chinese companies so far in Washington’s sanctions aimed at Russia.” 20 companies based in China and Hong Kong were named.