Sanctions target illicit procurement networks and financial facilitators, which play key roles in sanctions evasion
The U.S. Department of the Treasury today sanctioned 275 individuals and entities across 17 jurisdictions for supplying Russia with advanced technology and equipment crucial for its military operations.
According to the Treasury release, the sanctions target illicit procurement networks and financial facilitators, such as trust and corporate formation service providers, which play key roles in sanctions evasion.
Additionally, more than 150 Russia-based defense, technology, manufacturing, and aerospace companies involved in producing or procuring military products and components are targeted to weaken Russia's ability to sustain its military operations against Ukraine.
Russia-related general licenses and FAQs
The Department of the Treasury's Office of Foreign Assets Control (OFAC) today issued:
Furthermore, OFAC has issued one new and two amended, Russia-related frequently asked questions (FAQ 976, FAQ 1040, and FAQ 1198).