US imposes sanctions on Russian automakers
The US Treasury Department has targeted Russia with new sanctions over the war in Ukraine, adding 20 people and over 100 entities to its updated blacklist.
The Treasury's Office of Foreign Assets Control (OFAC) on Thursday blacklisted Russian automakers AvtoVAZ, Moskvich, GAZ Group, and Sollers.
Among the individuals targeted in the latest sanctions are former President of Transmashholding Andrey Bokarev and the head of Ural Mining and Metallurgical Company Iskander Makhmudov. Both have had their US-based assets frozen while all US-based transactions have been blocked.
The state-owned road company Avtodor, as well as Russia’s largest manufacturer of locomotives and rail equipment Transmashholding were also added to the list of banned Russian companies.
Russian regional lender Ak Bars Bank was also added to the sanctions list.
The founder and largest shareholder of the country’s third-largest copper producer Russian Copper Company (RMK), Igor Altushkin, was also added to the list.
In addition, over 150 foreign companies and individuals based in Turkey, the United Arab Emirates and Georgia were also targeted in the sanctions in an attempt to crack down on evasion of penalties previously imposed on Russia.
US officials claim the companies had assisted Russians in obtaining “dual-use goods” that could have military applications, such as drone cameras, high-performance optical filters, and lithium batteries.
The companies had also provided other services, including ship-repairs, to vehicles affiliated with Russia’s Ministry of Defense.
Microsoft fires employees for organizing vigil for Gaza victims
G7 leaders decide to give $50bn to Ukraine from frozen Russian assets
American medics recall horrors of Israeli genocide in Gaza
Russian court orders Google to pay staggering fine of $20 decillion
Yemeni forces carried out five operations in Haifa, targeting six ships, in one year: Report
Israeli war machine fails to penetrate Lebanon despite barbaric bombardment: Houthi
VIDEO | Is West's dominance over?
VIDEO | Five Syrians killed in Israeli airstrikes on al-Qusayr near Homs
VIDEO | South African resistance leaders reflect on ways to overcome Israeli aggression
VIDEO | Press TV's news headlines
VIDEO | Netanyahu pressured on a ceasefire
PressTV NEWSLETTER
now
This makes it easy to access the Press TV website
