DOJ CHARGES RUSSIAN AND SYRIAN NATIONALS WITH MONEY LAUNDERING LINKED TO JET FUEL SUPPLIES TO SYRIA

On 12th June, the Daily Beast in the US reported that 8 Russian and Syrian nationals had been charged in the US with laundering millions of US dollars for a Russian company that shipped jet fuel to Syria in violation of US sanctions between October 2011 and October 2017.  Rferl reports that the 5 Russians are employees of Russia’s Sovfracht shipping company.  The Russian nationals are identified as Ivan Okorokov, Ilya Loginov, Karen Stepanyan, Aleksei Konkov, and Liudmila Shmelkova. All are Sovfracht employees.  The indictment alleges that the defendants used vessels owned by Transpetrochart Co. Ltd, a Russian-based company that owned the petroleum tankers Mukhalatka and Yaz, to transport jet fuel and other items surreptitiously to Syria.

https://www.thedailybeast.com/doj-charges-russian-syrian-nationals-with-money-laundering

https://www.rferl.org/a/u-s-charges-russians-syrians-with-violating-u-s-sanctions/29288006.html

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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