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US Targets "Third-Country Sanctions Evaders"

US-RUSSIA

The US Treasury Department has unveiled, "the largest number of sanctions imposed since Russia’s full-scale invasion of Ukraine," hitting over 500 targets in concert with the State Department, "to impose additional costs for Russia’s repression, human rights abuses, and aggression against Ukraine."

  • The Treasury targets include, "more than two dozen third-country sanctions evaders in Europe, East Asia, Central Asia, and the Middle East; and hundreds of entities in Russia’s military-industrial base and other key sectors."
  • The list of targets includes, "26 third-country entities and individuals in 11 countries, including the People’s Republic of China, Serbia, the United Arab Emirates, and Liechtenstein."
  • The sanctions appear designed to address a major uptick in sanctioned materiel flowing from the West into Russia via third-countries like Kyrgyzstan and Armenia.
  • Sky News reported this week that British companies are exporting "hundreds of millions of pounds of equipment and machinery" to the Caucasus and Central Asia, "which almost certainly ends up in Russia, undermining the official sanctions regime..."
  • A similar dynamic has been reflected in trade flows from the EU and North America. WSJ reports: "U.S., British and EU officials have visited capitals around the world to persuade neutral countries not to undercut sanctions on critical military and dual-use goods. The effort has had some success in places including Central Asia but less with giant economies including India, Brazil and China, which have shunned sanctions on Russia."
  • WSJ notes: "U.S. officials privately concede that the new measures set to to be announced Friday are likely to land a limited blow."
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The US Treasury Department has unveiled, "the largest number of sanctions imposed since Russia’s full-scale invasion of Ukraine," hitting over 500 targets in concert with the State Department, "to impose additional costs for Russia’s repression, human rights abuses, and aggression against Ukraine."

  • The Treasury targets include, "more than two dozen third-country sanctions evaders in Europe, East Asia, Central Asia, and the Middle East; and hundreds of entities in Russia’s military-industrial base and other key sectors."
  • The list of targets includes, "26 third-country entities and individuals in 11 countries, including the People’s Republic of China, Serbia, the United Arab Emirates, and Liechtenstein."
  • The sanctions appear designed to address a major uptick in sanctioned materiel flowing from the West into Russia via third-countries like Kyrgyzstan and Armenia.
  • Sky News reported this week that British companies are exporting "hundreds of millions of pounds of equipment and machinery" to the Caucasus and Central Asia, "which almost certainly ends up in Russia, undermining the official sanctions regime..."
  • A similar dynamic has been reflected in trade flows from the EU and North America. WSJ reports: "U.S., British and EU officials have visited capitals around the world to persuade neutral countries not to undercut sanctions on critical military and dual-use goods. The effort has had some success in places including Central Asia but less with giant economies including India, Brazil and China, which have shunned sanctions on Russia."
  • WSJ notes: "U.S. officials privately concede that the new measures set to to be announced Friday are likely to land a limited blow."