US Issues More Russia Sanctions, Adds to Entity List
The U.S. on June 28 announced a host of new sanctions targeting Russia’s defense industrial base, including export restrictions against entities helping Moscow evade U.S. export controls and for illegally acquiring controlled U.S. items for Iran. The financial sanctions, announced by the Treasury and State Department, target more than 100 entities and 50 people, including Russia’s State Corporation Rostec, a “massive” state-owned technological, aerospace and military-industrial enterprise. Treasury also issued several new general licenses.
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The Commerce Department added 36 entities to the Entity List, including six for supporting Russia’s military. The Entity List additions -- which include companies located in China, Pakistan, the United Arab Emirates and elsewhere -- take effect June 28.