U.S. actions targeting Russian defense procurement network
Office of Foreign Assets Control (OFAC), Department of Justice (DOJ, and Bureau of Industry and Security (BIS)
OFAC, DOJ, BIS
The U.S. Department of the Treasury today issued a release announcing the following actions targeting a network that is involved in procuring electronics with military applications for Russian end-users:
- The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) updated its specially designated nationals and blocked persons list. Read the OFAC release
- The U.S. Department of Justice (DOJ) unsealed two separate indictments related to a scheme to export sensitive, military-grade technology from the United States to end-users located in China and Russia.
- The Bureau of Industry and Security (BIS) of the U.S. Commerce Department released for publication in the Federal Register a final rule [PDF 285 KB] amending the Export Administration Regulations (EAR) entity list by adding 42 entities under 44 entries to the entity list.
For more information, contact a professional with KPMG’s Trade & Customs services:
Doug Zuvich |
John L. McLoughlin |
Andy Siciliano |
Steve Brotherton |
Luis (Lou) Abad |
Irina Vaysfeld |
Amie Ahanchian |
Christopher Young |
Gisele Belotto |
George Zaharatos |
Andy Doornaert |
Jessica Libby Principal E: jlibby@kpmg.com |
| John Anderson Managing Director E: johneanderson@kpmg.com |
Jenna Leigh Glass Managing Director E: jennaleighglass@kpmg.com |
The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 3712, 1801 K Street NW, Washington, DC 20006.