The United States presented recommendations to combat the circumvention of sanctions against Russia
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The Department of Commerce, the Department of the Treasury and the Department of Justice of the United States have prepared recommendations for combating the circumvention of anti-Russian sanctions for American financial institutions and companies involved in foreign trade. Document published on the US Department of the Treasury website.
The departments have identified “red flags” that may indicate an attempt to circumvent sanctions against the Russian Federation. Among the signs listed:
US authorities urged companies to regularly check with published recommendations, and if suspicious data is found, conduct additional verification of the buyer. The document states that the departments regularly detect violations of compliance with sanctions against the Russian Federation.
In particular, the Russian microchip developer PKK “Milandr” tried to circumvent the restrictions. The organization is said to have purchased microchips from the United States with the help of a shell company in a third country. In November 2022, she was included in the sanctions list. Texas-based Vorago Technologies was also fined $497,000 for selling components for missiles and military satellites to a shell company in Bulgaria. According to departments, electronics were supplied to Russia.
After the start of Russia’s special operation in Ukraine, the United States, Great Britain and the EU countries imposed large-scale sanctions against the Russian Federation, which affected many sectors of the economy, including energy, the high-tech sector, aviation, the banking industry, the mining industry, the automotive industry, etc.
Last time Washington expanded anti-Russian sanctions February 24. The “black” list included 83 legal entities and 22 individuals, including financial organizations (MTS-Bank, Uralsib, Metalloinvestbank, etc.), IT companies specializing in information security (Inforus, Russian Science-Intensive technologies”, etc.), research centers and research institutes, enterprises related to the aerospace industry (“Alabuga-Fiber”, “NII Graphite”, etc.), as well as several foreign organizations.
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