US slaps sanctions against over 100 Russian firms, gold imports

WASHINGTON, Jun 28 (PRIME) -- The U.S. Department of the Treasury and the State Department have included more than 100 Russian companies and individuals into the list of sanctions, the Treasury Department said in a statement on Tuesday.

“Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated 70 entities, many of which are critical to the Russian Federation’s defense industrial base, including state corporation Rostec, the cornerstone of Russia’s defense, industrial, technology, and manufacturing sectors, as well as 29 Russian individuals,” the authority said.

“Today’s designations were taken in tandem with the U.S. Department of State, which is imposing sanctions on an additional 45 entities and 29 individuals. Included in the State Department’s action is the designation of Russian Federation military units and the re-designation of Russia’s Federal Security Service (FSB),” the authority said.

The OFAC also prohibited imports of Russian gold, the authority said.

“Concurrent with today’s sanctions actions, OFAC prohibited the importation of Russian gold into the United States, and Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a joint alert with the U.S. Department of Commerce’s Bureau of Industry and Security, advising vigilance against Russian and Belarusian export control evasion,” the authority said.

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