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:
John L. McLoughlin
Luis (Lou) Abad
|Jenna Leigh Glass
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