OFAC: NEW SANCTIONS DESIGNATIONS – RUSSIA, CENTRAL AFRICAN REPUBLIC, TRANSNATIONAL CRIMINAL ORGANISATIONS, GLOBAL MAGNITSKY REGIMES – TARGETS WAGNER GROUP AND RUSSIA’S DEFENSE INDUSTRIAL COMPLEX

On 26 January, OFAC advised that a number of new names had been added to its sanctions lists.  These target the Wagner Group and numerous entities and individuals on multiple continents that support the Wagner Group’s military operations; they also include further parts of Russia’s defence industrial base; and further associates of Vladimir Putin and their families.  The targets include 8 individuals and 16 entities, as well as 4 aircraft.  At the same time, the US State Department is designating 9 individuals and 14 entities for their status as government officials, their involvement in the extended networks of designated persons, and/or for being part of Russia’s military industrial complex.  The State Department also identified 2 yachts and 1 aircraft as blocked property.

https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/20230126

https://home.treasury.gov/news/press-releases/jy1220

https://www.state.gov/actions-to-counter-wagner-and-degrade-russias-war-efforts-in-ukraine/

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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