RUSSIA SANCTIONS: US TREASURY SEVERS MORE NETWORKS PROVIDING SUPPORT FOR PUTIN AND RUSSIA’S ELITES, INCLUDING YACHTS AND AIRCRAFT AND YACHT BROKER, IMPERIAL YACHTS

On 2 June, the US Treasury advised that OFAC had taken further action to degrade the key networks used by Russia’s elites, including President Vladimir Putin, to attempt to hide and move money and anonymously make use of luxury assets around the globe.  The action targets a Kremlin-aligned yacht brokerage, several prominent Russian government officials, and a close Putin associate and money-manager, Sergei Roldugin, who is a custodian of President Putin’s offshore wealth.  In order to further tighten and enforce existing sanctions, this action further identifies yachts and aircraft in which sanctioned Russian elites maintain interests.  The targets include a number of yachts and the yacht broker Imperial Yachts SARL, based in Luxembourg, and its Russian CEO, Evgeniy Borisovich Kochman were designated, as well as aircraft and aircraft operators.

https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/20220602

https://home.treasury.gov/news/press-releases/jy0802

https://www.theguardian.com/world/2022/jun/02/us-imposes-sanctions-on-luxury-yacht-firm-linked-to-putin

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