US TREASURY SANCTIONS MORE RUSSIANS BANKROLLING PUTIN AND RUSSIA-BACKED INFLUENCE ACTORS

On 3 March, OFAC and the State Department announced that intensified pressure on Russia by sanctioning numerous Russian elites and their family members, identifying certain property of these persons as blocked, and sanctioning Russian intelligence-directed disinformation outlets.  The elites sanctioned continue to provide direct and indirect support to the Government of the Russian Federation (GoR) through their business empires, wealth, and other resources.  It says that the aid of these individuals, their family members, and other key elites allows President Vladimir Putin to continue to wage the ongoing, unprovoked invasion of Ukraine. They list 3 Russian elites, 2 of their spouses, 3 of their adult children, 6 of their companies, one of Russia’s largest privately-owned aircraft, and one of the world’s largest superyachts.  OFAC also issued General License 15: Authorizing Transactions Involving Certain Blocked Entities Owned by Alisher Burhanovich Usmanov.

https://home.treasury.gov/news/press-releases/jy0628

https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/20220303

https://home.treasury.gov/system/files/126/russia_gl15.pdf

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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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