The United States is imposing nearly 100 sanctions on Russian elites and Russia’s industrial base, financial institutions, and technology suppliers, US Department of Treasury announced.
“Today’s sanctions focus on persons benefiting from, supporting, and sustaining Russia’s brutal war of choice against Ukraine.”
According to the announcement, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating a Finland-based network that specializes in shipping foreign electronics to Russia-based end-users.
Two Finland-based logistics firms have sent a wide variety of electronics into Russia, including UAV cameras, high-performance optical filters, and lithium batteries, according to a written statement.
Four Russia-based entities were importing directly from the firms. The first company is a Russia-based supplier of products and materials for aviation, technical, and industrial purposes for airlines, railway transport, and enterprises of Russia’s military-industrial complex. The second company is a Russia-based company specializing in development of digital optical systems. The third is a Russia-based company offering freight transportation services, whilst the fourth is a Russia-based wholesaler of computers, software, machinery, and industrial equipment.
The Biden administration is also set to impose sanctions on Turkish companies on Thursday, accusing them of helping Russia evade sanctions and supporting Moscow in its war against Ukraine, a senior Treasury official said.
The U.S. Department of the Treasury has raised the issue of the shipment or transshipment of dual-use goods to Russia with the Government of Türkiye and the Turkish private sector.
“Russia continues to rely on third-country entities to keep importing much-needed dual-use goods to enable its unprovoked war of aggression on Ukraine.”
OFAC is now targeting two entities based in Türkiye. The companies have made hundreds of shipments to Russia-based entities, in accordance with the United States, whilst the one Turkish company is accused of sending sensors and measuring tools into Russia.
The U.S. State Department will also target a Turkey-based shipyard agency and its owner, a ship construction company, as well as two vessels (floating storage tankers of Panama flag) which have been added to OFAC’s SDN List.
The broader sanctions package targets Russia’s industrial base, financial institutions, maritime sector and technology suppliers, the official said.
