The U.S. Treasury Department Office of Foreign Assets Control ("OFAC") designated six Russian individuals and eight entities for "continued and ongoing" actions against Ukraine.
OFAC said that the action targets individuals and entities for their alleged role in Russia's "unjustified" attacks on Ukrainian naval vessels and supporting illegitimate separatist government elections in Ukraine. This action complements sanctions undertaken by the EU and Canada.
As a result of OFAC's designations, all property and interests in property of the designated individuals and entities are blocked, and U.S. individuals are barred generally from transacting with them. All entities owned by these designated persons are also blocked.
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