United States imposes nearly 300 new sanctions on Russia’s military-industrial base and third-country support
Actions to degrade Russia’s ability to sustain its war against Ukraine
Actions to degrade Russia’s ability to sustain its war against Ukraine
The U.S. Department of the Treasury today announced further actions to degrade Russia’s ability to sustain its war against Ukraine by targeting Russia’s military-industrial base and chemical and biological weapons programs, as well as companies and individuals in third countries that help Russia acquire key inputs for weapons or defense-related production.
According to today’s Treasury release, the United States is particularly concerned about entities based in China and other third countries that provide critical inputs to Russia’s military-industrial base. This support enables Russia to continue its war against Ukraine and poses a significant threat to international security.
The almost 300 targets being sanctioned by both Treasury and the Department of State include sanctions on dozens of actors that have enabled Russia to acquire technology and equipment from abroad.
For more information on State actions, read a fact sheet.
A related release from the Department of the Treasury's Office of Foreign Assets Control (OFAC) includes:
- Russia-related General License 95—"Authorizing Civil Aviation Safety and Wind Down Transactions Involving Limited Liability Company Aviakompaniya Pobeda”
- Russia-related General License 96—"Authorizing Limited Safety and Environmental Transactions Involving Certain Blocked Persons or Vessels”
- Russia-related General License 97—"Authorizing the Wind Down of Transactions Involving Certain Entities Blocked on May 1, 2024”
For more information, contact a professional with KPMG 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 |
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