Introduces new targeted sanctions affecting investment
20 Jul 2023
Several new sanctions were adopted in the summer of 2023:
- On 20 July 2023, the United States imposed sanctions on 5 companies involved in finishing key Russian energy projects and exploratory drilling, 3 entities from the shipping and logistics sector assisting energy projects and several vessels, an additional 2 subsidiaries of the State Atomic Energy Corporation Rosatom, 11 defence and procurement companies acquiring goods in support of the Russian Federation’s war effort, certain Russian private military companies, as well as Russian elites and governmental officials.
- On the same day, the Department of the Treasury extended sanctions over companies acquiring sensitive dual-use goods as intermediaries, as well as over 'sanctions evasion facilitators' from the United Arab Emirates and Serbia, and Russian importers of dual-use technology. This concerns also investment firms from energy and infrastructure, manufactures of equipment and chemicals for the energy industry, companies from the metal and mining sector, Russian banks, and finally munition producers and high-technology developers.
- On 11 August 2023, 4 prominent members of the Russian financial elite and an industry association from a technology sector were added to the sanction's list.
- On 16 August 2023, 3 entities connected to a sanctioned arms dealer facilitating arms transfer from North Korea to the Russian Federation were added to the list.
- On 24 August 2023, the State Department introduced new sanctions and visa restrictions on 11 individuals and one entity associated with forcible transfer and deportation of Ukrainian children from territories occupied by the Russian Federation.
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Type:
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Entry and establishment (Ownership and control, Approval and admission)
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Treatment and operation (Nationalizations and expropriations)
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Industry:
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Primary (Mining and quarrying)
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Manufacturing (Manufacture of chemicals and chemical products, Manufacture of basic metals, Manufacture of fabricated metal products, except machinery and equipment, Manufacture of computer, electronic and optical products, and electrical equipment, Manufacture of machinery and equipment n.e.c.)
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Services (Electricity, gas, steam and air conditioning supply, Transportation and storage, Computer programming, consultancy and related activities, Financial and insurance activities, Scientific research and development, Other professional, scientific and technical activities, Public administration and defence; compulsory social security)
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Sources:
