The Treasury Department’s Office of Foreign Assets Control today imposed sanctions against 37 new individuals and entities related to the territorial conflicts between Ukraine and Russian proxies. The new round of sanctions is designed to counter attempts to circumvent existing sanctions and assist the private sector with sanctions compliance.
The new sanctions target a firm connected to a sanctioned Russian bank, 17 individual separatists in eastern Ukraine or Russian-occupied Crimea, 18 entities operating in Crimea and a Ukrainian charity. To facilitate compliance, OFAC also identified several subsidiaries of previously sanctioned Russian banks.