3rd-country sanctions evaders and supporters of Russian military targeted

The Department of the Treasury has announced it has sanctioned 275 individuals and entities involved in supplying Russia with advanced technology and equipment that it desperately needs to support its war machine. Yesterday’s action targets both individual actors and sprawling sanctions evasion networks across 17 jurisdictions, including India, the People’s Republic of China (PRC), Switzerland, Thailand, and Türkiye. In addition to disrupting global evasion networks, this action also targets domestic Russian importers and producers of key inputs and other materiel for Russia’s military-industrial base.

Treasury reported that the Department of State also targeted sanctions evasion and circumvention in multiple third countries, including several PRC-based companies exporting dual-use goods that fill critical gaps in Russia’s military-industrial base and entities and individuals in Belarus related to the Lukashenka regime’s support for Russia’s defense industry. State also targeted several senior Russian Ministry of Defense officials and defense companies and those supporting Russia’s future energy production and exports.

For the names and identification information of the designated parties, see yesterday’s BankersOnline OFAC Update.