Russia

1972-05-29

Russia

As part of its response over the last seven months to Russia’s further invasion of Ukraine, OFAC designated the State Duma of the Federal Assembly of the Russian Federation (State Duma) and 340 of its members who voted to recognize the so-called Donetsk People’s Republic and Luhansk People’s Republic earlier this year. The State Duma’s leadership has endorsed plans for these referenda, expressing support for alleged interest in such regions becoming part of Russia. The members of the State Duma this year unanimously passed a law criminalizing the distribution of “fake news” about the Russian military. Russian media’s reporting on Russia’s war of choice in Ukraine is tightly monitored by Russian authorities. Some of Russia’s State Duma members have played a key role in spreading Russian disinformation about the war. Today OFAC is designating the remaining 109 State Duma members pursuant to E.O. 14024 for being or having been leaders, officials, senior executive officers, or members of the board of directors of the Government of the Russian Federation. This action follows efforts by Russian occupying forces in eastern and southern Ukraine to call for referenda that would declare occupied territory as part of Russia.

https://home.treasury.gov/news/press-releases/jy0981

2022-09-30

US

Executive Order 14024 of April 15, 2021 Blocking Property With Respect To Specified Harmful Foreign Activities of the Government of the Russian Federation

OFAC country specific

Russia

Blocking Property, Suspending Entry, Trade sanctions

• https://ofac.treasury.gov/faqs/1127 • https://ofac.treasury.gov/faqs/1029

In response to the Russian Federation’s continued use of its military-industrial base to support its aggression against Ukraine, the President has issued an Executive Order (E.O.) amending E.O. 14024 that provides the Office of Foreign Assets Control (OFAC) with new authorities to target foreign financial institutions for engaging in certain transactions. Foreign financial institutions that conduct or facilitate significant transactions or provide any service involving Russia’s military-industrial base run the risk of being sanctioned by OFAC. The United States and partners have put in place a sanctions and export controls regime that has severely restricted Russia’s ability to import many of the items that directly support its brutal and unjustified war against Ukraine. As a result, Russia is increasingly using third countries to evade sanctions and continue its procurement of certain critical items. The United States and partners have published multiple advisories, including detailed red flags, to warn the private sector about Russian sanctions evasion in support of its war machine and to support compliance efforts. OFAC’s new targeting authorities, which are aimed at foreign financial institutions that provide services to, or engage in significant transactions relating to, Russia’s military-industrial base, come as a natural evolution of OFAC’s work to counter evasion and hold accountable those perpetuating Russia’s war against Ukraine, including financial facilitators. OFAC is issuing this advisory to provide guidance to foreign financial institutions on the amendments to E.O. 14024, including practical guidance on how to identify sanctions risks and implement corresponding controls. For additional guidance on this E.O., please see FAQs 1146–1157.

SDN / NS-MBS / CAPTA