Although the U.S. has been careful not to pressure some countries into imposing Russian energy restrictions and sanctions (see 2204110037), Deputy Treasury Secretary Wally Adeyemo is confident they will eventually join the more than 30 states imposing the measures. Those countries will realize the economic benefits of doing business with nations in the “sanctions coalition” outweighs the value of doing business with Russia, Adeyemo said.
If Europe is unable to impose a complete embargo on Russian energy imports, it should at least consider an import tax to begin reducing European demand for Russian oil, said Andreas Goldthau, an energy policy expert and professor at the University of Erfurt. Goldthau, speaking during an April 14 event hosted by the Washington International Trade Association, said revenue from the tariffs could also help the EU source and distribute gas from other suppliers.
The State Department recently approved up to $100 million in emergency military assistance to Ukraine, it said in a notice. The notice directs the drawdown of defense articles, services and military training from the Defense Department. The State Department said the aid could not have been met under the authority of the Arms Export Control Act or “any other provision of law.”
Three Russian citizens -- legislator Aleksandr Babakov and two staff members, Aleksandr Vorobev and Mikhail Plisyuk -- were charged with conspiring to use a Russian agent in the U.S. without proper notification, violate U.S. sanctions and commit visa fraud, DOJ announced. The indictment is cited as being the work of Task Force KleptoCapture -- the U.S.'s interagency task force charged with enforcing recent sanctions action following Russia's invasion of Ukraine.
The Office of Foreign Assets Control updated the sanctions entry for Lazarus Group, a North Korean cybercrime group designated in 2019 (see 1909130039). The agency didn’t release additional information.
In a series of sanctions moves, the U.K. corrected three entries under its ISIL (Da'esh) and al-Qaida sanctions regime and added two entries to its Russia sanctions list. Added to the Russia sanctions -- in response to its invasion of Ukraine -- by the U.K.'s Office of Financial Sanctions Implementation are Eugene Tenenbaum and David Davidovich, two associates of sanctioned businessman Roman Abramovich. In the ISIL notice, OFSI amended the entry for Ashraf Al-Qizani and corrected the entries for Mehrez Ben Mahmoud Ben Sassi Al-Amdouni, Mokhtar Belmokhtar and Ramzi Mohamed Abdullah Binalshibh.
Russia announced counter sanctions on U.S. and Canadian senators in a pair of notices from the Ministry of Foreign Affairs. The restrictions on U.S. legislators apply to 398 individuals and cover a vast majority of the members of the U.S. House of Representatives. The sanctions on Canada cover 87 Canadian senators, barring them from entering Russia.
The U.K. on April 14 announced a new wave of sectoral sanctions on Russia following its invasion of Ukraine. The restrictions include a ban on the export of luxury goods to Russia, a prohibition on the import of iron and steel goods that are consigned from or originate in Russia and a ban on the direct or indirect acquisition of iron and steel products from Russia or located in Russia. As part of the luxury goods ban, the restrictions prohibit the supply or delivery of luxury goods from a third country to a place in Russia, the making of luxury goods available to a person connected with Russia and the making of luxury goods available for use in Russia.
James O’Brien was confirmed by the Senate April 6 as the State Department’s sanctions coordinator (see 2201130047) and officially began serving in the role last week, the agency said. O’Brien is the first person to head the agency’s Office of Sanctions Coordination since President Donald Trump disbanded the office in 2017. The office will “oversee work on sanctions and further strengthen cooperation with allies and partners in the use of this critical tool,” the State Department said.
The Financial Crimes Enforcement Network issued an advisory April 14 urging banks and other financial institutions to focus on catching illegal transactions related to kleptocracy and corruption. The advisory outlines various “typologies and potential indicators” of kleptocracy and other forms of foreign corruption, including bribery, embezzlement, extortion and the “misappropriation of public assets.” The advisory said banks should specifically scrutinize Russia-related transactions for “sanctions evasion” attempts. It also outlines suspicious-activity report filing requirements for transactions that banks may suspect of violating sanctions.