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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.

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