U.S. sanctions, Russia’s defense companies and Duma members
OFAC designated “key enablers” of Russia’s invasion of Ukraine for economic sanctions
Russia’s defense companies and Duma members
The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) today designated “key enablers” of Russia’s invasion of Ukraine for economic sanctions.
According to a Treasury release, those designated for sanctions include:
- Russian defense companies
- 328 members of the Russian State Duma
- The head of Russia’s largest financial institution
This action aligns with similar actions taken by Canada, the European Union, and the UK.
Treasury also released one new “frequently asked question” (FAQ) to make clear that any transaction involving gold related to the Central Bank of the Russian Federation is covered by existing sanctions.
Read an OFAC release
For more information, contact a professional with KPMG’s Trade & Customs services:
John L. McLoughlin
Luis (Lou) Abad
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