US sanctions seven Russian oligarchs, 12 companies, 17 gov’t officials

WASHINGTON, The US on Friday sanctioned seven Russian oligarchs and 12 companies they own or control, 17 senior Russian government officials, and a state-owned Russian weapons trading company and its subsidiary, a Russian bank.

“The Russian government operates for the disproportionate benefit of oligarchs and government elites,” said Treasury Secretary Steven Mnuchin in a statement. “Russian oligarchs and elites who profit from this corrupt system will no longer be insulated from the consequences of their government’s destabilizing activities.” The majority of the sanctions were intended to injure the pockets of those around Russian President Vladimir Putin. But one state-owned Russian weapon trading company, Rosoboroneksport, is believed to have ties with the Syrian government and provided “billions” worth of weapons sales for over a decade, the Treasury said.

As a result of these sanctions all assets subject to US jurisdiction are blocked and anyone in the US is generally prohibited from dealing with those sanctioned.

Source: Kuwait News Agency