Latvian citizen Oleg Chistyakov was charged with violating U.S. export laws as part of a scheme to ship "sophisticated avionics equipment" to Russian companies, DOJ announced last week. The agency noted Chistyakov is the third person to be charged in connection to the scheme, which was led by Kansas company KanRus Trading Co.
The U.K. on March 27 amended Svetlana Alexandrovna Krivonogikh's listing under the Russia sanctions regime. Krivonogikh is a shareholder of Russian bank Bank Rossiya, which is a "significant stakeholder in National Media Group," which controls major TV stations in Russia that "promote the destabilisation of Ukraine." Her entry was amended to provide a new national identification number.
U.S. companies interested in divesting Russian assets that are subject to the Export Administration Regulations may need to obtain multiple licenses from the U.S. government, a Commerce Department official said March 28.
The Bureau of Industry and Security is sending letters to American companies that are selling or producing items found in Russian weapons, asking them to stop selling goods to certain foreign customers.
Deputy Treasury Secretary Wally Adeyemo and Estonian Foreign Minister Margus Tsahkna met this week to discuss Russia-related sanctions evasion. Treasury said Adeyemo stressed the importance of “strengthening the international response” to Russia through combating “the evasion of sanctions and export control measures,” and “both confirmed the importance of enforcement of the” global price cap on Russian oil. The U.S. has sanctioned Estonia-based companies (see 2403250029), and in October added others to the Commerce Department’s Entity List (see 2310060044) for helping Russia evade sanctions and export controls.
The Office of Foreign Assets Control this week sanctioned six people and two entities based in Russia, China and the United Arab Emirates for helping to generate revenue or process financial transactions for North Korea.
The head of the Bureau of Industry and Security this week called on companies to double down on their export compliance and due diligence efforts, saying the agency is reaching out to exporters to make sure they’re catching red flags and monitoring for possible export control evasion.
Sens. Jim Risch, R-Idaho, and Marco Rubio, R-Fla., have both placed holds on President Joe Biden’s nomination of Erik Woodhouse to head the State Department’s Office of Sanctions Coordination.
The U.S. this week sanctioned 11 people and entities supporting the Bashar al-Assad-led government in Syria, including companies that ship illegal drugs. OFAC said the designations target traffickers of Captagon -- the brand name of a “highly addictive amphetamine-type stimulant” trafficked in the Middle East and Europe -- along with entities helping Syria evade sanctions.
Export Compliance Daily is providing readers with the top stories from last week in case you missed them. You can find any article by searching for the title or by clicking on the hyperlinked reference number.