New sanctions on Russia for Crimea

Kremlin sees no prospects for Improved U.S. ties after elections.
New sanctions on Russia for Crimea
09 November 09:34 2018 Print This Article

The United States imposed sanctions on two Ukrainians, a Russian officer and nine entities for Moscow’s annexation of Crimea.

One of the entities sanctioned — the Limited Liability Company Southern Project — was linked to Bank Rossiya and Russian businessman Yuri Kovulch.

Kovulchuk, whom the United States government has called “the personal banker” for senior Russian officials, is a close ally of Russian President Vladimir Putin.

Among those blacklisted is Andriy Sushko, an officer from Russia’s Federal Security Service. The Treasury Department said he was responsible for the abduction of a Crimean Tatar activist in 2017, who was tortured while being held.

The sanctions also target companies that the Treasury said benefited from the annexation of Crimea: among them is the Mriya Resort and Spa, a hotel investment bankrolled by Russia’s largest bank, Sberbank, on the south shore of Crimea in the city of Yalta.

Also blacklisted was the Ministry of State Security of the self-proclaimed Luhansk People’s Republic

“Treasury remains committed to targeting Russian-backed entities that seek to profit from Russia’s illegal annexation and occupation of Crimea,” Sigal Mandelker, Treasury’s under secretary for terrorism and financial intelligence, said in a statement.

The sanctions, bought under a 2017 U.S. law known as the Countering America’s Adversaries Through Sanctions Act, or CAATSA, aim to further punish Moscow for seizing control of Ukraine’s Crimea peninsula in March 2014 after Moscow-backed Ukrainian President Viktor Yanukovich fled power after months of street protests.

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