Treasury Ratchets up Russian Sanctions

Posted 9/14/23

OFAC continues its efforts to target Russian elites and firms that benefit from their ties to Russia’s defense sector, military-industrial complex, and affiliation with the Kremlin.  

September 13 OFAC imposed nearly 100 sanctions on Russian elites and Russia’s industrial base, financial institutions, and technology suppliers, along with designations of more than 70 persons.

Industries affected range from Railroad Equipment and heavy machinery to digital optical systems, diamonds traders, and the Wagner Group's advisor to the president of the Central African Republic.

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