The new designations of Russian individuals and entities broadly expand the scope and impact of sanctions.

Background -

On April 6, 2018, the US Treasury Department’s Office of Foreign Assets Control (OFAC) added more than three dozen individuals and entities from the Russian Federation to OFAC’s List of Specially Designated Nationals (SDN List), including seven oligarchs and 12 companies they own or control, 17 senior government officials, and a state-owned weapons trading company and its Russian bank subsidiary.