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US imposes sanctions on Russian automakers — RT Business News

More than 100 entities and 20 individuals have been placed on Washington’s blacklist

US authorities have expanded sanctions against Russia linked to Ukraine, adding 20 nationals and more than 100 companies to their updated blacklist.

The latest list released Thursday by the US Treasury’s Office of Foreign Assets Control (OFAC) includes Russian automakers AvtoVAZ, Moskvich, GAZ Group, Sollers, as well as state highway company Avtodor and the world’s largest maker of locomotives and trucks across the country. railway equipment Transmashholding. Ak Bars Bank, one of Russia’s leading regional universal lenders, was also sanctioned.

The measures also target the former president of Transmashholding, Andrei Bokarev, and the head of the Ural Mining and Metallurgical Company, Iskander Makhmudov. Both had their US-based assets frozen while all US-based transactions were blocked.

Igor Altushkin, founder and main shareholder of the country’s third largest copper producer, Russian Copper Company (RMK), was also added to the list of sanctioned individuals.

The US Treasury Department also sanctioned more than 150 foreign companies and individuals from Turkey, the United Arab Emirates and Georgia in an effort to crack down on evasion of sanctions previously imposed on Russia.

The United States will sanction companies from a NATO state

According to the State Department, these entities had contributed to the transfer of “dual-use goods” such as drone cameras, high-performance optical filters and lithium batteries to Russia, as well as ship repair services to organizations affiliated with the Russian Ministry of Defense.

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