... transport and logistics, and the financial sector. However, Russian industrial and technology companies are already a typical target of US blocking sanctions. The structure of the sectoral coverage of blocking sanctions has remained virtually unchanged.
Secondary sanctions against a number of companies from third countries cooperating with Russia can be considered equally common. These include six companies from China (which supplies electronics and optics to the Russian Federation), four companies from ...
... economy, US sanctions affect many countries. Even businesses in Russia-friendly jurisdictions are forced to take the threat of secondary sanctions seriously—that is, being added to the list of blocked persons for transactions with people and structures ... ... significantly. The number of Russian individuals blocked by Executive Order No. 14024 of April 15, 2021 alone is approaching two thousand. This figure does not include those assets in which already-blocked persons hold a stake of 50% or more. It would seem that ...
... 2023
by the US Financial Crimes Enforcement Network (FINCEN) and the Bureau of Industry and Security of the US Department of Commerce.
We are talking, first of all, about electronics. The number of trade items banned for delivery to Russia is in the thousands, but these nine positions are the priority. Blocking sanctions on the grounds of violation of export controls will be introduced primarily for transactions with these goods. The legal basis in this case is Art. 1 (i) (a) of Executive Order of the ...
... export controls.
Ivan Timofeev:
Does Russia Have ‘Black Knights’?
Common to many criminal cases is that the basis for the accusatory documents is the electronic correspondence of the participants in the transaction, as well as signals to the authorities ... ..., which were contacted by the accused Russian citizens and their partners.
Along with criminal cases, the number of cases of secondary sanctions, that is, blocking financial sanctions for transactions in favour of previously blocked persons, is also growing....
... Kong Sojitz Limited
in 2022 and the
Jereh Group
in 2018 were fined in 2018.
This is partly due to the active use of blocking secondary sanctions by the Treasury, as well as the fact that the US Department of Commerce plays a leading role in this area,... ... large proportion of companies from Europe and the UK that have been fined are large banks that have committed hundreds and thousands of violations. The top ten companies that paid the largest amounts of fines accounted for 54,783 violations. In 74 cases,...
... “enforcement actions” concept; these actions target both Americans and foreigners. Although there is no generally accepted “secondary sanctions” concept, it appears expedient to use it in this particular meaning without reducing it solely to extra-territorial ... ... receding into the background. Meanwhile, sanctions against business are directly related to the target countries because the refusal by business to work with countries that are under sanctions can cause them significant damage, and thus lead to a change ...
