India's First International News Journal

29.1 C
Sunday, April 2, 2023

US moves to curb attempts to evade Russia sanctions


The Treasury Department’s Office of Foreign Assets Control (OFAC) on Wednesday imposed full blocking sanctions on 22 individuals and entities from a number of countries for actions related to the evasion of sanctions against the military complex. -Russian industrialist.

Today’s action, taken under Executive Order 14024, is part of the U.S. strategy to systematically and intensively crack down on sanctions busting around the world, shut down key fuel channels, expose middlemen and collaborators and to limit Russia’s access to the revenue needed to wage war in Ukraine.

Recall that over the past year, the Ministry of Finance imposed sanctions on more than 100 natural and legal persons engaged in activities aimed at circumventing international sanctions and export controls imposed on Russia.

The new list includes citizens of Singapore, Latvia, Cyprus, Israel, Russia and Uzbekistan.

“Russia’s desperate attempts to use stooges to circumvent US sanctions show that sanctions have made it much more difficult and costly for Russia’s military-industrial complex to supply Putin’s war machine,” said Deputy Treasury Secretary Wally Adeyemo.

Sanctions include arms broker Igor Zimenkov, who according to a Treasury statement runs a network to evade sanctions. Zimenkov worked closely with his son Jonathan Zimenkov and an extensive network of natural and legal persons to ensure the sale of Russian and Belarusian defense products to third countries.

Sanctions were also imposed on Alexander Volfovich, a member of the Zimenkov network, as well as his two sons, Stanislav Volfovich and Ariel Volfovich, who hold leading positions in the structures of the Zimenkov network.

As a result of today’s action, all property and interests in the property of sanctioned individuals in the United States or owned or controlled by US citizens are blocked.

Copyright © 2023 The Eastern Herald.

News Room
News Room
The Eastern Herald’s Editorial Board validates, writes, and publishes the stories under this byline. That includes editorials, news stories, letters to the editor, and multimedia features on


Please enter your comment!
Please enter your name here




Read More