New OFAC sanctions expand clamps on Russia tech supply chain
By 
Jeff Dale2023-09-14T19:17:00
The Treasury Department’s Office of Foreign Assets Control (OFAC) widened its area of focus to disrupt Russia’s technology supply chain with new sanctions announced Thursday against entities in Finland and Turkey.
The Treasury said in a press release its latest actions, totaling nearly 100 new designations, continue a sustained effort to target individuals and entities that “enable—or attempt to enable—Russia’s ability to procure high-tech and dual-use goods.”
In Finland, OFAC designated logistics firms Siberica and Luminor for shipping foreign electronics to Russia-based end users, including unmanned aerial vehicle (UAV) cameras, high-performance optical filters, and lithium batteries.
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