Targeting Russian Elites and Defense Enterprises of Russian Federation – United States Department of State – Department of State

Official websites use .gov
Secure .gov websites use HTTPS
Policy Issues
Countries & Areas
Bureaus & Offices
About
Mission
History
Administrative
Leadership
Directories
Fact Sheet
Office of the Spokesperson
March 3, 2022
Today, the Department of State and the Department of Treasury have taken additional sweeping actions as part of our response, together with our allies and partners, to the premeditated, unprovoked Russian war against Ukraine.  These actions make it clear that there is nowhere to hide for individuals and entities that support Russia’s aggression against Ukraine.
TARGETING RUSSIAN ELITES
The Department of State is targeting Russian elites and their financial networks.  Today, the Department has designated:
The Department has also identified one private aircraft, LX-MOW, as blocked property of Altitude X3 Ltd.
TARGETING RUSSIA’S DEFENSE ENTERPRISES
Russia’s defense enterprises are at the core of Putin’s war machine.  These enterprises design, develop, and produce the weaponry that Putin’s military is using to attack Ukraine.  As a part of our effort to impose massive and severe costs on the Government of Russia for its war in Ukraine, today the Department of State is designating 22 Russian defense-related entities that are critical to Russia’s war effort.  Specifically, the following 21 entities are being designated pursuant to E.O. 14024 Section 1(a)(i) because they are persons who operate or have operated in the defense and related materiel sector of the Russian Federation economy:
In addition, the State Department is designating The Planar Company pursuant to E.O. 14024 Section 1(a)(i) because it is a person who operates or has operated in the technology sector of the Russian Federation economy. The Planar Company is a Russian technology company that provides high-technology solutions for Russian industrial enterprises, specializing in additive technologies and 3-D printing.   It specializes in procuring foreign technology for Russia’s military programs, including Russia’s military space programs, and its primary customer is the Izhevsk Radio Plant, which develops items and technologies for Russia’s military.
SANCTIONS IMPLICATIONS
The Department of the Treasury’s Office of Foreign Assets Control (OFAC) will add the individuals and entities above to the list of Specially Designated Nationals and Blocked Persons.  As a result of today’s action, all property and interests in property of the individuals and entities above that are in the United States or in the possession or control of U.S. persons are blocked and must be reported to OFAC.  In addition, any entities that are owned, directly or indirectly, 50 percent or more by one or more blocked persons are also blocked.  All transactions by U.S. persons or within (or transiting) the United States that involve any property or interests in property of designated or otherwise blocked persons are prohibited unless authorized by a general or specific license issued by OFAC, or exempt.  These prohibitions include the making of any contribution or provision of funds, goods, or services by, to, or for the benefit of any blocked person and the receipt of any contribution or provision of funds, goods, or services from any such person.

Tags
Read more
Read more
Read more

source

Leave a Comment