The U.S. Treasury Department announced new sanctions Thursday targeting Russian individuals and companies in relation to alleged activities related to Russia’s occupation of different regions in Ukraine.

“Treasury remains committed to targeting Russian-backed entities that seek to profit from Russia’s illegal annexation and occupation of Crimea,” said Sigal Mandelker, Treasury under secretary for terrorism and financial intelligence, in a release. “Our sanctions are a clear reminder that efforts seeking to normalize investment and economic relationships with those operating in Crimea will not be tolerated and are subject to U.S. and EU sanctions authorities.”