U.S. imposes new sanctions targeting Russian political and business elites
June 2, 2022, 6:35 pm

U.S. imposes new sanctions targeting Russian political and business elites

Russian president Vladimir Putin/Facebook

The Xinhua reported, the administration of U.S. President Joe Biden on Thursday (June 2) announced a new round of sanctions targeting Russian political and business elites, in an effort to further punish Russia for its military operation in Ukraine.

According to a fact sheet from the White House, the Department of the Treasury will impose sanctions on Sergei Roldugin and his family members. Roldugin, the White House said, is a close associate of Russian President Vladimir Putin and a money manager of Putin's offshore wealth.

Also on the sanctions list are the CEO of Imperial Yachts, which the White House said provides services to Putin's inner circle, and the head of the United Aircraft Corporation, a Russian state-owned company that supports the country's defense industry.

Additionally, the Department of State will sanction a number of Russian individuals, including Maria Zakharova, the spokesperson for the Russian Foreign Ministry, and oligarchs God Nisanov and Alexey Mordashov. Mordashov, whose family members and companies are also being sanctioned, has ties to one of Russia's leading domestic steel producers, the White House said.

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Aimed at further limiting the Russian military's ability to obtain technologies and other items needed for sustaining its military operation, the Department of Commerce will add 71 Russia- and Belarus-based entities to the Entity List, "effectively cutting them off from obtaining U.S.-origin items or foreign-made products derived from certain U.S. technology or software," the fact sheet said.

The fact sheet:"So far, the United States has added 1,000 parties to Treasury's Specially Designated Nationals and Blocked Persons List and over 300 parties have been added to Commerce's Entity List."

Source: xinhua

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BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, has sponsored the BuildHer CityHack 2025 Hackathon, a two-day event spearheaded by the College of Engineering and Technology at the Royal University for Women (RUW).
Aimed at secondary school students, the event brought together a distinguished group of academic professionals and technology experts to mentor and inspire young participants.
More than 100 high school students from across the Kingdom of Bahrain took part in the hackathon, which featured an intensive programme of training workshops and hands-on sessions. These activities were tailored to enhance participants’ critical thinking, collaborative problem-solving, and team-building capabilities, while also encouraging the development of practical and sustainable solutions to contemporary challenges using modern technological tools.
BENEFIT’s Chief Executive Mr. Abdulwahed AlJanahi, commented: “Our support for this educational hackathon reflects our long-term strategic vision to nurture the talents of emerging national youth and empower the next generation of accomplished female leaders in technology. By fostering creativity and innovation, we aim to contribute meaningfully to Bahrain’s comprehensive development goals and align with the aspirations outlined in the Kingdom’s Vision 2030—an ambition in which BENEFIT plays a central role.”
Professor Riyadh Yousif Hamzah, President of the Royal University for Women, commented: “This initiative reflects our commitment to advancing women in STEM fields. We're cultivating a generation of creative, solution-driven female leaders who will drive national development. Our partnership with BENEFIT exemplifies the powerful synergy between academia and private sector in supporting educational innovation.”
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For his part, Dr. Humam ElAgha, Acting Dean of the College of Engineering and Technology at the University, said: “BuildHer CityHack 2025 embodies our hands-on approach to education. By tackling real-world problems through creative thinking and sustainable solutions, we're preparing women to thrive in the knowledge economy – a cornerstone of the University's vision.”