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