The United States Designates Seven Russian Individuals and Seventeen Companies under Executive Order 13661, Imposes Additional Export Restrictions

Further Sanctions Designations:

On April 28, 2014, the US Office of Foreign Assets Control (“OFAC”) issued further designations under Executive Order 13661 (“EO 13661”). EO 13661, which was signed on March 16, 2014, authorizes the United States to impose sanctions on officials of the Government of the Russian Federation, any individuals or entities that operate in the arms or related materiel sector in the Russian Federation, and any individual or entity that is owned or controlled by, or provides material or other support to any senior official of the Government of the Russian Federation or any person designated pursuant to this order. This round of designations targets seven individuals that according to the United States are in the Russian leadership’s inner circle, and seventeen Russian entities deemed closely linked to previously sanctioned members of the inner circle.

The additional seven individuals designated on April 28, 2014 are:

- BELAVENCEV, Oleg Evgenyevich (a.k.a. BELAVENTSEV, Oleg); DOB 15 Sep 1949; Russian Presidential Envoy to the Crimean District; Member of the Russian Security Council (individual) [UKRAINE2].

- CHEMEZOV, Sergei (a.k.a. CHEMEZOV, Sergey Viktorovich); DOB 20 Aug 1952; POB Cheremkhovo, Irkutsk, Russia (individual) [UKRAINE2]....

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Topics:  Executive Orders, Foreign Policy, OFAC, Russia, Sanctions

Published In: General Business Updates, Elections & Politics Updates, Finance & Banking Updates, International Trade Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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