PRESS RELEASES
Treasury Hardens Sanctions With 130 New Russian Evasion and Military-Industrial Targets
November 2, 2023
Action disrupts Russia’s supply chain for highest priority items
WASHINGTON — The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) continues to disrupt the networks and channels through which Russia attempts to sustain its beleaguered military. Today’s sanctions focus on individuals and entities abetting Russia’s unconscionable war against Ukraine by providing Russia with much-needed technology and equipment from third countries. Additionally, these actions take aim at Russia’s domestic industrial base, which is seeking to reinvent itself as the maintainer of Russia’s war machine. With these designations, Treasury is disrupting producers, exporters, and importers of nearly all of the high-priority items identified by the international coalition imposing sanctions and export controls on Russia.
“Russia is dependent on...
1) OFAC designates a number of UAE, Turkish and other entities for "operating in" the technology and electronics sectors of the Russian economy in connection with their supply, to Russia, of sensitive goods (more specifically the high-priority items identified by the international coalition imposing sanctions and export controls on Russia). Given the context of these designations occurring in the midst of the Russia-Ukraine war, the USG appears to take the view that the exportation (particularly bulk exportation) of these goods to Russia is inherently ‘nefarious’ in a way that puts these designations outside the scope of the category of “ordinarily arm’s length international trade transactions” of a sort described in Introductory Note Common to all Derivative Designation Notices Included in the Research System. Accordingly, we do not regard all such designations to rise to the level of a “de...