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US Treasury Targets Global Russia Sanctions Evasion, Military Procurement Networks
printU.S. officials blacklisted a network of 42 individuals and entities in Europe, Asia, the Middle East and the Caribbean on Monday for moving funds and acquiring military parts for Russia, or providing previously blacklisted Russians continued access to the global financial system.
Parties newly designated by the U.S. Treasury’s Office of Foreign Assets Control include Swiss financial advisor Alexander-Walter Studhalter, who allegedly laundered “significant amounts of money” for blacklisted Russian oligarch Suleiman Kerimov, and Laurin Katz, a Swiss attorney who manages four French real estate companies for Kerimov’s daughter Gulnara.
OFAC also blacklisted a real estate company and a financial services company in Russia as part of Monday’s action, as well as holding and limited liability companies in Germany, Spain, Switzerland, Cyprus, the British Virgin Islands, United Arab Emirates and Russia, and a Taiwanese front company suspected of procuring microelectronics for the Russian military.
| Topics : | Sanctions |
|---|---|
| Source: | U.S.: Department of Treasury , U.S.: OFAC |
| Document Date: | November 14, 2022 |
