United Arab Emirates

PO Box 20609, 47th Floor, The One Tower, Barsha Heights, Dubai, United Arab Emirates; Warehouse No. FZS1AA01, Street No. S111, Jebel Ali Free Zone, United Arab Emirates; Umm Ramool, W/H No. S02-A, Adnan Mansoor, Street 17 PO Box 20609, Dubai, United Arab Emirates; 88A Amir Temur Avenue, Tashkent, 100084, Uzbekistan; Office No. 406, Inizio Building, Cardinal Gracious Rd, Chakala, Andheri East, Mumbai, 400099, India

659948, License

The Department is designating the following entity pursuant to section 1(a)(i) for operating or having operated in the transportation sector of the Russian Federation economy: POLARSTAR LOGISTICS LLC (POLARSTAR) is a UAE-based company that offers cargo shipping services from the UAE to Russia. POLARSTAR is listed as an S7 Airlines representative office and acts as a cargo agent in the UAE on behalf of S7 Airlines, which is Entity Listed by the U.S. Department of Commerce’s Bureau of Industry and Security.

https://www.state.gov/imposing-measures-in-response-to-navalnys-death-and-two-years-of-russias-full-scale-war-against-ukraine/

2024-02-23

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