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New OFAC sanctions target international Russia supporters
By 
Kyle Brasseur2023-12-12T20:23:00
A new round of sanctions announced by the Treasury Department continues the agency’s efforts to crack down on entities and individuals supporting Russia from outside the country.
Countries including China, Turkey, the United Arab Emirates, Pakistan, Switzerland, Singapore, the Kyrgyz Republic, the Maldives, and Tajikistan were represented among the more than 150 new designations implemented by the Office of Foreign Assets Control (OFAC) on Tuesday. The entities and individuals sanctioned were found to be supporting Russia’s military procurement networks, along with the country’s efforts to acquire machine tools, equipment, and key inputs.
“Our sanctions today continue to tighten the vise on willing third-country suppliers and networks providing Russia the inputs it desperately needs to ramp up and sustain its military industrial base,” said Treasury Secretary Janet Yellen in a press release.
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