On January 10, the following companies were added to the SDN list:
Oil and gas companies: Gazprom Neft and its certain subsidiaries, including Gazprom Neft International SA (Luxembourg), Gazprom Neft Kazakhstan LLC (Kazakhstan), NIS AD Novi Sad (Serbia); Surgutneftegaz and its certain subsidiaries
Oil service companies: Gazprom Shelfprojekt, Achimgaz, Samotlorneftepromchim (SNPCh), Naftagaz-Drilling
Insurance companies: Ingosstrakh, Alfastrakhovanie
Certain UAE companies engaged in oil trading originating from Russia
Managers of Lukoil, Gazprom Neft and Rosatom
On January 15, the following companies were added to the SDN list:
Keremet Bank (Kyrgyzstan). This is the first entity added to the SDN list under Section 11 of Executive Order (E.O) 14024 on secondary sanctions for foreign financial institutions
Certain companies involved in the defense sector of the Russian Federation: Voentorg, Motovilikha Plants, Plant Luch
Contributors to the development of a Russian-Chinese clearing platform: Herbarium Office Management, Atlant Torg and certain Chinese companies
The basis for the designation of many major Russian entities (Alfabank, Sberbank of Russia, SPB Bank, Siberian Coal Energy Company, Kamaz, etc.) was also extended to include the new ground under E.O 13662.
We will also come back with a more detailed review of the new restrictions.