The US has sanctioned 34 new people and entities under its Ukraine-related Russia sanctions regimes. Of the 34, 14 are said to be linked to those that have engaged in serious and sustained evasion of sanctions or are owned by a designated entity, 6 are alleged separatists who have threatened the security or stability of Ukraine, 2 are former Ukrainian government officials said to have been complicit in the misappropriation of public assets or to have threatened the security of stability of Ukraine, and 12 are entities that operate in the contested Crimea region of Ukraine. The US also identified a number of subsidiaries that are owned by listed entities VTB Bank, Sberbank, and Rostec.
In the US Treasury’s press release, Acting Director of OFAC John Smith stated that “It is critical that Russia takes the steps necessary to comply with its obligations under the Minsk Agreements and to ensure a peaceful settlement of the conflict in Ukraine”, adding that the US is “closely matching its designations with those of our international partners”. The press release notes the US’ “sustained commitment to a policy of non-recognition with respect to Russia’s purported annexation of Crimea, and our intent to maintain Crimea-related sanctions until Russia ends its occupation of the peninsula”. This reflects the position taken by the EU; several of the people and entities newly designated by the US have previously been listed by the EU. The EU renewed its own sectoral sanctions on Russia on Tuesday (see previous blog).