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US Sanctions Update
On August 23, OFAC and the U.S. Department of State published an update to the U.S. sanctions list and several general licenses under the sanctions regime against Russia.

About 400 companies and individuals were added to the sanctions list. Now the SDN list includes:

 

  • a few financial technology companies: LLC Atol, LLC Diasoft, CJSC Center of Financial Technologies;

  • metallurgical and mining companies and service companies in this industry: JSC Evraz Market, LLC GRKB, LLC EvrazHolding Finance, JSC Taimyr Fuel Company, etc. IT companies MTS Red (LLC Serenity Cyber Security) and LLC Basealt SPO were sanctioned for their cooperation with companies in the metallurgical and mining sectors;

  • companies from China and Hong Kong supplying electronics and various components to the Russian Federation;

  • a few companies and individuals believed by the U.S. to be involved in the prohibited gold trade;

  • a few companies from Turkey, Hong Kong, Switzerland, Cyprus, and the UAE that the U.S. believe are involved in circumventing various sanctions.

 

OFAC also issued General Licenses 103 and 104 authorizing certain transactions involving Russian diamonds.

#news #sanctions
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