Recent news from Treasury’s Office of Foreign Assets Control: November 4

The Office of Foreign Assets Control announced the following sanctions action last week.

Russia-related Sanctions

• Treasury takes aim at third-country sanctions evaders and Russian producers: The Treasury Department sanctioned 275 individuals and entities involved in supplying Russia with advanced technology and equipment that it desperately needs to support its war machine. The action targets both individual actors and sprawling sanctions evasion networks across 17 jurisdictions, including India, the People’s Republic of China, Switzerland, Thailand and Türkiye. In addition to disrupting global evasion networks, the action also targets domestic Russian importers and producers of key inputs and other materiel for Russia’s military-industrial base. Read more.

Fentanyl-related sanctions

• Treasury sanctions key members of Mexico-based La Linea: OFAC sanctioned five Mexican nationals and two Mexico-based entities linked to La Linea, a violent Mexico-based drug trafficking organization responsible for trafficking fentanyl and other deadly drugs into the United States. The action was coordinated closely with the Drug Enforcement Administration and the Government of Mexico, including La Unidad de Inteligencia Financiera, Mexico’s Financial Intelligence Unit. Read more.