This morning the U.S. Treasury and the White House announced more focused sanctions on Russian steel manufacturer Severstal, Imperial Yachts, and restrictions of the Russian military’s ability to acquire new technology, as well as personal sanctions on Sergei Roldugin, the off shore money manager for President Putin.
The White House’s official statement, alongside the Treasury’s published list said:
- “The Department of the Treasury is targeting prominent Russian government officials and business leaders, luxury property of elites, and luxury asset management and service companies key to Russian attempts to evade sanctions. This includes close Putin associate and money-manager of Putin’s offshore wealth, Sergei Roldugin and his family members; Putin-linked yachts and Kremlin aligned yacht brokerages including Imperial Yachts and its CEO which provide services for Vladimir Putin’s inner circle; government ministers overseeing key sectors integral to the Russian economy; and the President of United Aircraft Corporation, a state-owned company that plays a leading role in supporting the defense industry and supplying the military’s destructive activity in Ukraine.
- The Department of State is targeting additional Russian oligarchs and elites close to Putin. This includes God Nisanov, a close associate of Russian officials.; Maria Zakharova, spokesperson for the Russian Foreign Ministry; and Alexey Mordashov, one of Russia’s wealthiest billionaires, in addition to his family members and companies, including one of Russia’s leading domestic steel producers.
- The Department of Commerce is further restricting the Russian military’s ability to obtain technologies and other items it needs to sustain its aggression and project power. This includes adding 71 parties located in Russia and Belarus to the Entity List, effectively cutting them off from obtaining U.S.-origin items or foreign-made products derived from certain U.S. technology or software. ”
The Treasury list describes several dozen vessels linked to Imperial Yachts as well, that will no longer be welcome in U.S. waters, and subject to search and seizure.
