U.S. sanctions targeting Russian military-linked persons and industrial base

Sanctions focus on persons benefiting from, supporting, and sustaining Russia’s war against Ukraine

Sanctions focus on persons benefiting from, supporting, and sustaining Russia’s war

The U.S. Department of the Treasury today issued a release announcing new sanctions that target Russian military-linked persons and Russia’s industrial base, financial institutions, and technology suppliers, in response to Russia’s war against Ukraine.

The Treasury release explains that the sanctions focus on persons benefiting from, supporting, and sustaining Russia’s war against Ukraine.

Also today, Treasury’s Office of Foreign Assets Control (OFAC) issued the following Russia-related general licenses:

  • General License 55A [PDF 149 KB]—Authorizing certain services related to Sakhalin-2 
  • General License 72 [PDF 196 KB]—Authorizing the wind down of transactions involving certain entities blocked on September 14, 2023

In addition, OFAC revised the list of specially designated nationals (SDN list) and sectoral sanctions identifications list. Read the OFAC release


For more information, contact a professional with KPMG’s Trade & Customs services:

Doug Zuvich
Partner and Global Practice Leader
E: dzuvich@kpmg.com

John L. McLoughlin
Principal and East Coast Leader
E: jlmcloughlin@kpmg.com

Andy Siciliano
Partner and National Practice Leader
E: asiciliano@kpmg.com

Steve Brotherton
Principal and Global Export and Sanctions Leader
E: sbrotherton@kpmg.com

Luis (Lou) Abad
Principal, Washington National Tax
E: labad@kpmg.com

Irina Vaysfeld
E: ivaysfeld@kpmg.com

Amie Ahanchian
E: aahanchian@kpmg.com

Christopher Young
E: christopheryoung@kpmg.com

Gisele Belotto
E: gbelotto@kpmg.com

George Zaharatos
E: gzaharatos@kpmg.com

Andy Doornaert
Managing Director
E: adoornaert@kpmg.com

Jessica Libby
E: jlibby@kpmg.com
John Anderson
Managing Director
E: johneanderson@kpmg.com
Jenna Leigh Glass
Managing Director
E: jennaleighglass@kpmg.com

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