US urges companies to comply with sanctions on Russia – #urges #companies #comply #sanctions #Russia
WASHINGTON, March 2 (Reuters) – Thursday USA government companies after Moscow’s intervention in Ukraine Russia urged them to comply with the sanctions imposed on them and warned that failure to do so could result in potential prosecution or execution may result in measures.
USA A joint notice from the Justice, Commerce and Treasury departments said businesses should be aware of tactics such as the imposition of restrictions and sanctions against Russia, including shell companies, the use of aliases and hidden shipping information, and other warning signs.
China in the lead, Armenia, Turkey and countries such as Uzbekistan have “restricted items Russia or to divert illegally to Belarus” are used as “transfer points”.
“Companies across all industries must act responsibly by implementing strict compliance controls,” the joint statement added.
United States, Europe and other partners a year ago Russia after its troops invaded Ukraine, it imposed a number of sanctions against a number of individuals and legal entities with the aim of causing economic damage to Moscow. Sanctions USAfreezes all of its assets and prevents doing business with sanctioned parties.
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The departments said that “malicious actors continue to evade Russia-related sanctions and export controls,” including by using third-party intermediaries.
The U.S. Commerce Department also recently imposed export restrictions on nearly 90 Russian and third-country companies, including China, which are evading sanctions and banning purchases of items such as semiconductors to support Russia’s defense sector. USA as well Iran of components found in drones Ukraine he was trying to prevent him from going to the battlefield.
Reporting by Kanishka Singh and Susan Heavey; Edited by Doina Chiacu, Tim Ahmann and Deepa Babington
Our standards: Thomson Reuters Trust Principles.
2023-03-03 02:22:04
Source – reuters
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