Late last week, the United States announced an update to the Russian corporate segment of the SDN List
Late last week, the United States announced an update to the Russian corporate segment of the SDN List (a list of individuals and entities subject to sanctions). The list includes several new companies in the mining and metals sector.
In total, the sanctions imposed by the State Department and the US Treasury Department, announced on Friday, affect 500 organizations associated with Russian military operations. Another 90 companies have been added to the Commerce Department's Entity List, restricting their ability to do business in the United States.
“The U.S. Department of State continues to designate individuals and entities involved in the Russian metallurgical and mining sector to further limit Russian revenues from this important source of funds for the Russian federal budget,” the State Department said. said in a statement.
On February 23, sanctions were extended to the Pipe Steek Company, the largest Russian producer of pipe products, and several of its subsidiaries. The sanctions, in particular, apply to all of the company's main factories (Pershuralsky New Pipe Plant, Seversky, Sinarsky and Volzhsky Pipe Plants, Taganrog Steel Plant, Yartsevsky Steel Plant, Chelyabinsk Pipe Rolling Plant and its former shareholder Andrey Komarov).
Restrictive measures also include the Samara Steel Plant, which produces a wide range of aluminum products and is the largest producer of semi-finished products in Russia.
Furthermore, according to Reuters the list includes the steel company Mechel, which, according to the US Treasury, supplied steel used in Russian attack helicopters, and the coal company SUEK as «the flagship of Russian transport logistics, which it has its own railway infrastructure and is also involved in trucking and other transport services.
Cyberstal, jointly owned by Andrey Komarov, was also subject to sanctions restrictions.
As Compraço previously reported, last April, the US Treasury Department's Office of Foreign Assets Control (OFAC), in coordination with the United Kingdom, announced new sanctions against the businesses of Russian billionaire Alisher Usmanov, including the steel company Metalloinvest and its controlling company. USM Metalloinvest. SDN also includes the company's subsidiaries, including Lebedinsky Mining, Mikhailovsky Mining, OEMK and Swiss Metalloinvest Trading.
