U.S. Treasury sanctions third-country intermediaries and Russian producers supporting Russia’s military

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:

• Russia-related General License 8K, "Authorizing Transactions Related to Energy" 
• Russia-related General License 25G, "Authorizing Transactions Related to Telecommunications and Certain Internet-Based Communications" 
• Russia-related General License 110, "Authorizing the Wind Down of Transactions Involving Certain Entities Blocked on October 30, 2024" 
• Russia-related General License 111, "Authorizing Certain Transactions Related to Debt or Equity of, or Derivative Contracts Involving, Certain Entities Blocked on October 30, 2024"
• Russia-related General License 112, "Authorizing Civil Aviation Safety and Wind Down Transactions Involving Shaurya Aeronautics Private Limited"

Furthermore, OFAC has issued one new and two amended, Russia-related frequently asked questions (FAQ 976, FAQ 1040, and FAQ 1198).