Imposed new sanctions relating to the confilct in Ukraine
12 Dec 2023
On 12 December 2023, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) of the United States, in alignment with commitments from the G7 Meeting, expanded its list of sanctions to include over 150 individuals and entities supporting the Russian Federation's war-efforts. These measures target third-country actors, specifically members of supplier and procurement networks that facilitate, arrange, and enable the transfer of key technology, equipment, and inputs to end-users in the Russian Federation's military-industrial base. Sanctioned individuals and entities are from or based in China (including Hong Kong), Kyrgyzstan, Maldives, Pakistan, Singapore, Switzerland, Tajikistan, Türkiye, the Republic of Korea, the Russian Federation, and the United Arab Emirates. Consequently, the assets of these targeted entities are frozen, and any transactions involving U.S. persons or within the United States are prohibited.
Additionally, the Department of State of the United States has also imposed sanctions on over 100 individuals and entities associated with the Russian Federation's war effort and other harmful activities. These sanctions specifically target the Russian Federation's future energy export and production capabilities, its metals and mining sector, and third-country networks facilitating sanction evasion and circumvention, as well as certain shipping companies involved in munitions transfers.
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Type:
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Treatment and operation (Operational conditions)
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Industry:
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Primary (Mining and quarrying)
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Manufacturing (Manufacture of basic metals, Manufacture of computer, electronic and optical products, and electrical equipment, Manufacture of machinery and equipment n.e.c.)
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Services (Wholesale and retail trade, Transportation and storage, Computer programming, consultancy and related activities, Financial and insurance activities, Scientific research and development, Public administration and defence; compulsory social security)
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