On June 12, 2024, the US government announced a broad package of measures aimed at increasing the extent of economic pressure on Russia and curtailing Russian circumvention of US sanctions and export controls. The measures are a joint effort by the US Department of the Treasury’s Office of Foreign Assets Control (OFAC), the US Department of Commerce’s Bureau of Industry and Security (BIS), and the US Department of State to target Russia’s use of financial services and procurement networks based in third countries, particularly those based in China. The package includes hundreds of new sanctions designations, including sanctions targeting Russia’s financial infrastructure; a new BIS rule that adopts a novel approach to the Entity List; greater limitations on the provision of certain software to Russia; and an expansion of the grounds for imposing secondary sanctions on Foreign Financial Institutions (FFIs). These actions were published on the eve of the G7 Summit, which centered on the G7’s support for Ukraine and efforts to further isolate Russia and its supporters from the global economy.