US exposes Russian schemes to circumvent sanctions through China and Kyrgyzstan
The US Department of the Treasury on Wednesday, 15 January, announced sanctions against new Russian schemes used to circumvent sanctions on military goods.
Source: US Department of the Treasury in a statement, as reported by European Pravda
Details: The latest US sanctions target a network of legal entities in Russia and China aimed at circumventing sanctions by facilitating cross-border payments for classified goods.
The sanctions also extend to Chinese companies implicated in supplying and manufacturing Russian glide bombs, as well as Lancet and Harpy-A1 loitering munitions, which have been used in Russia's war against
The US Department of the Treasury has additionally blacklisted a financial institution from Kyrgyzstan, Keremet Bank, which coordinated its actions with Russian officials and an already sanctioned Russian bank to implement a scheme to circumvent sanctions.
In a separate decision, the United States re-imposed sanctions on nearly 100 organisations within Russia's defence industry, paving the way for restrictions on companies that collaborate with them.
In total, the new US sanctions affect about 250 individuals and legal entities.
Background:
- This is not the first time the US has exposed Russian sanctions evasion networks.
- In December 2024, the US Treasury Department imposed sanctions on individuals associated with the TGR Group, an international network of companies and employees that facilitated sanctions circumvention in the interests of the Russian elite.
- On 10 January, the US also announced new sanctions targeting the Russian oil refining industry, particularly Russian oil giants Gazprom Neft and Surgutneftegas.
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