US TREASURY SANCTIONS RUSSIA WITH SWEEPING NEW SANCTIONS AUTHORITY

On 15 April, a news release from US Treasury advised that it has taken multiple sanctions actions targeting aggressive and harmful activities by the Government of the Russian Federation.   These include the implementation of new prohibitions on certain dealings in Russian sovereign debt, as well as targeted sanctions on technology companies that support the Russian Intelligence Services’ efforts to carry out malicious cyber activities against the US.  The measures include

a new authority in response to Russian malign activities;

sovereign debt prohibitions;

designation of Russian companies in the technology sector supporting Russian intelligence services; and

tTargeting of Russian malicious cyber actors.

They involve a new Presidential Executive Order, and a new Directive issued under that Order.

https://home.treasury.gov/news/press-releases/jy0127

https://home.treasury.gov/system/files/126/russian_harmful_for_act_eo.pdf

https://home.treasury.gov/system/files/126/sovereign_debt_prohibition_directive_1.pdf

US TREASURY DESIGNATES RUSSIAN COMPANIES IN THE TECHNOLOGY SECTOR SUPPORTING RUSSIAN INTELLIGENCE SERVICES

It has targeted companies operating in the technology sector of the Russian Federation economy that support Russian Intelligence Services.  The following companies are designated for operating in the technology sector of the Russian Federation economy: ERA Technolopolis; Pasit, AO(Pasit);Federal State Autonomous Scientific Establishment Scientific Research Institute Specialized Security Computing Devices and Automation (SVA); Neobit OOO (Neobit); Advanced System Technology, AO (AST); and Pozitiv Teknolodzhiz, AO (Positive Technologies).

OFAC DESIGNATES 5 INDIVIDUALS AND 3 ENTITIES RELATED TO RUSSIA’S OCCUPATION OF THE CRIMEA REGION OF UKRAINE AND HUMAN RIGHTS ABUSES AGAINST THE LOCAL POPULATION. 

In partnership with our international allies, it has designated Leonid Kronidovich Ryzhenkin (Ryzhenkin), Lenpromtransproyekt, and Joint-Stock Company The Berkakit-Tommot-Yakutsk Railway Line’s Construction Directorate in response to their involvement in the construction of the Kerch Strait Bridge. The entities are Lenpromtransproyekt, a Russian company that designed the Kerch Strait Bridge; the Berkakit-Tommot-Yakutsk Railway Line’s Construction Directorate; and the Simferopol SIZO-1 pre-trial detention center in Simferopol.

US TREASURY TARGETS KNOWN RUSSIAN AGENT KONSTANTIN KILIMNIK

Kilimnik is described as a Russian and Ukrainian political consultant and known Russian Intelligence Services agent implementing influence operations. 

US TREASURY FURTHER TARGETS YEVGENIY PRIGOZHIN’S NETWORK IN AFRICA AND HIS ATTEMPTS TO EVADE SANCTIONS

Yevgeniy Prigozhin (Prigozhin) is the Russian financier of the Internet Research Agency (IRA), the Russian troll farm that OFAC has designated in 2018 for interfering in the 2016 presidential election. 

US TREASURY TARGETS INTERNET RESEARCH AGENCY (IRA) ENABLER

Pakistan-based Second Eye Solution (SES), aka Forwarderz, is an organisation that specialises in creating and selling fraudulent identities and is said to have assisted the IRA in concealing its identity to evade sanctions.  Since at least 2012, SES engaged in a scheme to provide digital photographs of fake documents including passports, driver’s licences, bank statements, utility bills, and national identity documents. SES markets these fake documents for use to verify online accounts including money service business accounts and social media website accounts.

https://www.cisa.gov/rumorcontrol

The complete list (with identifying information) for those affected by the above sanctions measures can be found at –

https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/20210415

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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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