U.S. targets global sanctions evasion network supporting Russia

WASHINGTON, February 1 (Reuters) – The United States on Wednesday imposed sanctions on 22 individuals and entities in several countries accused of being linked to a global sanctions evasion network that supports Russia’s military-industrial complex.

The sanctions, which come as Washington seeks to increase pressure on Moscow over its invasion of Ukraine, are part of US efforts to target evasions of its sanctions around the world and limit Russia’s access to funds it needs to fight the war. US Treasury. The ministry said in a statement.

The operation targeted a network of sanctions evasion that the Treasury said was run by Russia and Cypriot arms dealer Igor Zimenkov, who along with his son Jonatan were hit with heavy fines on Wednesday.

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The network is linked to projects related to Russian defense capabilities, including the supply of high-tech equipment after Russia’s occupation of Ukraine, the Treasury Department said. Washington has also accused some members of the network of supporting Russian defense agencies under sanctions.

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Zimenkov also supported the Belarusian military-industrial complex by facilitating sales efforts in Latin America for a Belarusian defense agency under US sanctions, the Treasury said.

Members of the network targeted include Singapore-based Asia Trading & Construction PTE Limited and its director, which Treasury accused of selling helicopters to a government in Latin America on behalf of US-approved Rostec.

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GBD Limited, another company in the network targeted in the sanctions, tried to supply weapons systems to an African government, Treasury said.

Companies in Cyprus, Bulgaria and Israel and many people have also been targeted by sanctions.

The Russian Embassy in the United States of America said that the “illegal steps” taken by Washington will not achieve their goal.

“Russia’s economy remains far from ‘consolidation,’ as some in the West hope,” she said.

The action, which freezes any US assets added to the sanctions list and generally bars Americans from trading with them, marks the latest round of US sanctions against Russia over the war in Ukraine, which has killed or maimed thousands of people. They injured and destroyed the city. .

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“Russia’s desperate efforts to use proxies to circumvent US sanctions show that sanctions have made it much harder and more expensive for Russia’s military-industrial complex to supply Putin’s war machine,” Assistant Treasury Secretary Wally Adeyemo said in a statement.

Reporting by Daphne Psaledakis and Doina Chiacu, additional reporting by Dan Whitcomb; edited by Deepa Babington

Our Standards: The Thomson Reuters Trust Principles.


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