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Treasury hits Russia with new sanctions targeting evasion networks, tech - Vimarsana News

Treasury hits Russia with new sanctions targeting evasion networks, tech

The U.S. also expanded its ability to sanction the aerospace, marine and electronics sectors.

US Treasury Targets Sanctions Evasion Networks And Russian Technology Companies Enabling Putin's War - Treasury Also Expands Sanctions Authorities To Include Aerospace, Marine, And Electronics Sectors - Vimarsana News

US Treasury Targets Sanctions Evasion Networks And Russian Technology Companies Enabling Putin's War - Treasury Also Expands Sanctions Authorities To Include Aerospace, Marine, And Electronics Sectors

<p><span>Today, the Department of the Treasury&rsquo;s Office of Foreign Assets Control (OFAC) is continuing to impose severe costs on the Russian Federation for its unprovoked and unjustified war against Ukraine by targeting operators in the Russian technology sector to prevent it from evading unprecedented multilateral sanctions and procure critical western technology. OFAC is designating 21 entities and 13 individuals as part of its crackdown on the Kremlin&rsquo;s sanctions evasion networks and technology companies, which are instrumental to the Russian Federation&r...