OFAC/ State Target More Suppliers to Russia

Posted 12/13/23

Treasury's Office of Foreign Assets Control (OFAC) and the State Departemnt announced sanctions on over 100 entities and individuals including those engaged in sanctions evasion in numerous third countries, complicit in furthering Russia’s ability to wage its war against Ukraine, and responsible for bolstering Russia’s future energy production and export capacity.

The December 11 action highlights Russia’s utilization of Türkiye, the United Arab Emirates (UAE), and the People’s Republic of China (PRC), as well as the use of complex transnational networks and third-country cut-outs, to acquire much-needed technology and equipment for its war economy.

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