Turkey

Ic Kapi: 2 Gul Tomruk Sitesi, No: 13 Cinar 3 Sk. Cirpici Mah., Zeytinburnu, Istanbul, Turkey

41713-5, Registration Number

Today, the Department is also designating multiple companies in Türkiye, the Kyrgyz Republic, and Malaysia that have shipped BIS Common High Priority List items to companies based in Russia. Entities and individuals based in Russia, including those affiliated with the Russian Ministry of Defense, continue to establish shell companies and leverage intermediaries in third countries to violate export controls and procure these high priority items. For example, in many of the procurement schemes investigated by the Department of State, Russian nationals have been identified as the owner and director of the Russia-based companies receiving Common High Priority List items. These Russian nationals also act as the directors for the intermediary companies, often transshiping these components from third countries. Today’s actions are designed to impose costs on non-Russian entities and individuals facilitating the Russian Federation’s procurement of dual-use items, as well as for Russian nationals seeking to exploit the corporate environment of third countries to engage in illicit procurement schemes. The Department of State is designating the following entities pursuant to section 1(a)(i) of E.O. 14024 for operating or having operated in the technology sector of the Russian Federation economy: ASAY IC VE DIS TICARET LIMITED SIRKETI is a Türkiye-based company that supplied Common High Priority List items to companies based in Russia, including U.S.-designated, Russia-based company AKTSIONERNOE OBSHCHESTVO TASKOM.

https://ru.usembassy.gov/imposing-new-measures-on-russia-for-its-full-scale-war-and-use-of-chemical-weapons-against-ukraine/

2024-05-01

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