The US Department of the Treasury’s Office of Foreign Assets Control announced on November 14, 2022, sanctions against a transnational network of 42 individuals and entities that procured technology for Russia’s military-industrial complex.
Source: US Department of the Treasury
It is claimed that the network, together with intermediaries, includes 14 individuals and 28 legal entities connected to two Russian oligarchs close to the Kremlin – Suleiman Kerimov and Andrey Guryev.
“The United States will continue to expose and disrupt the Kremlin’s military supply chains and deny Russia the equipment and technology it needs to wage its illegal war against Ukraine,” said US Secretary of the Treasury Janet L. Yellen.
In particular, sanctions were imposed against subsidiaries of the Russian microelectronics manufacturer PKK “Milandr” in Armenia, Switzerland and Taiwan, as well as their management, which facilitated the illegal import of products into Russia.
A network of persons connected to the oligarch Kerimov came under the restrictions: his family and nephew, companies controlled by them in Switzerland and the United Arab Emirates; legal entities to which the real estate of a Russian was transferred; Kerimov’s confidants are the Swiss Alexander-Walter Studhalter and his two sons, as well as the Russian Murat Aliyev, who is related to Studhalter.
The US Treasury also identified and sanctioned eight private jets owned by Kerimov’s “Emperor Aviation Ltd” company.
In addition, restrictions were imposed against Putin’s close associate Andrey Guryev, who was previously a member of the Federation Council of the Russian Federation, and his Swiss companies “Chlodwig” and “Adorabella”, through which he owns the assets of “PhosAgro”, a producer of phosphorus-containing fertilizers.
Sanctions provide for the freezing of assets of sanctioned persons in the USA and the prohibition of any financial transactions with them.
See also: US imposed additional sanctions on Russia in the field of quantum computing services
