0 Shares 356 Views

US to continue with the sanctions against Russia over Ukraine – Treasury statement

Photo Credit: Uwe Kazmaier / Global Look Press

US has added seven Russian individuals, eight entities and two vessels in to sanctions against over the conflict in Ukraine, the Treasury Department said in a statement.
26 subsidiaries of Agricultural Bank and gas producer Novatek, were already sanctioned by the in 2014.

The American sanctions on those firms are relatively narrow, prohibiting the citizens from dealing in certain kinds of debt with the companies.

“Today’s action is in response to Russia’s unlawful occupation of Crimea and continued aggression in Ukraine,” John E. Smith, acting director of the Treasury’s Office of Foreign Assets Control, said in a statement.

“These targeted sanctions aim to maintain pressure on by sustaining the costs of its occupation of Crimea and disrupting the activities of those who support the and instability in Ukraine.”

The sanctioned companies include Institut Stroiproekt and Karst, which are both involved in the construction of the Kerch Bridge, which is to link Crimea and Russia.

Crimean Railway, Crimean Ports and entities linked to Sovfracht vessel operator were also blacklisted by the Treasury.

The names of the blacklisted individuals are: Mikhail Dedov, Mikhail Klishin, Kirill Kovalchuk, Dmitry Lebedev, Dmitry Mansurov, Oleg Minaev and Evgeny Prigozhin.

Six of them were allegedly put on the list for their ties with the previously-sanctioned Rossiya Bank.

Restrictions were introduced against Prigozhin for his “extensive business dealings with the Russian Federation Ministry of Defense, and a company with significant ties to him holds a contract to build a base near the Russian Federation with Ukraine,” the statement said.

You may be interested

Pakistan Army launches “Operation Khyber lV” in the Pak-Afghan border area
World
0 shares92 views

Pakistan Army launches “Operation Khyber lV” in the Pak-Afghan border area

Janet Mayson - Jul 16, 2017

According to a statement given by Pakistan's military wing "Inter-Service Public Relation" in a press briefing on Sunday, it has been shared that…

Brother of Iran’s President sent behind bars over financial charges
World
0 shares266 views

Brother of Iran’s President sent behind bars over financial charges

Janet Mayson - Jul 16, 2017

Brother of Iran's President has been sent to prison over financial charges. During a press briefing, Iran's judiciary spokesman, Gholam-Hossein Mohseni-Ejei said on…

Egyptian police beefs up security following deadly beach attack
World
0 shares72 views

Egyptian police beefs up security following deadly beach attack

Janet Mayson - Jul 15, 2017

The Egyptian police have increased the security in the port of Hurghada as investigators are on the search for motives in a high-profile…

Leave a Comment

Your email address will not be published.

Most from this category