RECAP OF U.S. SANCTIONS ON RUSSIA
Submitted by christian on Sun, 05/29/2022 - 14:11
- Full blocking sanctions (including restrictions on transactions and access to U.S.-based property or interests in property) on Russian President Vladimir Putin, Prime Minister Mikhail Mishustin, and members of Russia’s Security Council, including Foreign Minister Sergei Lavrov, Defense Minister Sergei Shoigu, and Chief of the General Staff Valery Gerasimov; the State Duma (the lower house of Russia’s legislature) and most of its members;
- Six of Russia’s largest banks, including state-owned Sberbank (one of Russia’s top five companies) and VTB Bank and privately held Alfa Bank (with exceptions, among others, for energy-related transactions through June 24, 2022);
- VEB, a large state development bank, and the Russian Direct Investment Fund, a sovereign wealth fund;
- Nord Stream 2 AG, the parent company for a natural gas pipeline project, and Alrosa, the world’s largest diamond-mining company;
- Members of Russia’s Kremlin-connected business elite (sometimes referred to as oligarchs) and family members. In coordination with partners, the U.S. government has established an interagency Task Force KleptoCapture to strengthen enforcement of sanctions and other measures and a Kleptocracy Asset Recovery Rewards Program;
- Dozens of defense-industrial companies, disinformation operations, sanctions evaders, and virtual currency mining companies; and
- Belarusian individuals and entities in response to Belarus’s support for Russia’s invasion.
- Restrictions on transactions with Russia’s central bank, limiting its ability to draw on dollar-denominated foreign reserves, and transactions with Russia’s Ministry of Finance and National Wealth Fund.
- Export controls on trade with Russia and Belarus, including restrictions on “sensitive U.S. technologies produced in foreign countries using U.S.-origin software, technology, or equipment” and oil and gas extraction equipment. · Suspension of normal trade relations with Russia and Belarus.
- Ban on the U.S. import of Russian crude oil, petroleum products, liquefied natural gas, coal, seafood, alcoholic beverages, and nonindustrial diamonds. · Ban on the export of U.S. luxury goods and dollar-denominated banknotes.
- Ban on new U.S. investment in Russia, including the energy sector.
- Ban on Russian aircraft entering and using U.S. airspace.
- Ban on Russian-affiliated vessels entering U.S. ports.
- Ban on “any approval, financing, facilitation, or guarantee” of transactions by foreign persons that would be prohibited to U.S. persons or in the United States.
- Restrictions on secondary-market transactions by U.S. financial institutions in Russian sovereign debt (previous restrictions applied to primary-market transactions).
- Restrictions against new equity investment and financing for companies including Gazprom, a state-owned energy company and Russia’s largest firm; Sovcomflot, Russia’s largest maritime and freight shipping firm; and Russian Railways.
- Visa restrictions on 635 Russian nationals.
- Prohibitions on U.S. trade or investment in Russia-occupied areas of eastern Ukraine and sanctions against those operating in those areas
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