The U.S. Treasury Department’s Office of Foreign Assets Control announced new trade sanctions last month against Russian individuals and companies, following those announced earlier this year.

With input from the U.S. State Department, OFAC sanctioned seven Russian oligarchs, 12 companies they own or control, 17 senior Russian government officials, a state-owned Russian trading company and its subsidiary bank, some with holdings in United States and elsewhere. Treasury Secretary Steven Mnuchin said they were penalized for Russian actions in eastern Ukraine, Crimea and Syria and for “attempting to subvert Western democracies and malicious cyber-activities,” according to a statement issued on April 6.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]