OFAC FAQ (Current) # 1198 - Russian Harmful Foreign Activities Sanctions

Date issued: Oct. 30 2024

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TURBOFAC Commentary (282 words)

Notes:

1) This GL was issued concurrently with OFAC's designation of Shreya Life Sciences Private Limited pursuant to EO 14024.

According to OFAC:

Since 2023, India-based Shreya Life Sciences Private Limited (Shreya) has sent hundreds of shipments of U.S.-trademarked technology, including advanced servers designed for artificial intelligence and machine learning, to Russia. These shipments, totaling tens of millions of dollars, have included high-priority technology that Russia seeks to procure for its weapons programs. Shreya has sent technology to U.S.-designated Russian technology companies Silkway Limited Liability Company and OOO Lanprint, as well as Mein Chein, a Russia-based wholesaler and importer of computer equipment founded in 2023 that offers “turnkey import” services. Shreya and Mein Chein are being designated pursuant to E.O. 14024 for operating or having operated in the technology sector of the Russian Federation economy...