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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

May 1, 2024

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:

        For more information, contact a professional with KPMG 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
        Principal
        E: ivaysfeld@kpmg.com
        Amie Ahanchian
        Principal
        E: aahanchian@kpmg.com
        Christopher Young
        Principal
        E: christopheryoung@kpmg.com
        Gisele Belotto
        Principal
        E: gbelotto@kpmg.com

        George Zaharatos
        Principal
        E: gzaharatos@kpmg.com

        Andy Doornaert
        Managing Director
        E: adoornaert@kpmg.com
        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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