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United States: Russian entities, persons violate North Korean-related and cyber-related sanctions

United States: Russian entities violate sanctions

The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) today announced North Korea-related designations, continuing the implementation of existing United Nations (UN) and U.S. sanctions.

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As noted in the OFAC release, this sanctions-related action applies against two entities and six vessels and targets persons involved in the ship-to-ship transfer of refined petroleum products with North Korea-flagged vessels. The entities, vessels, and individuals are named in the OFAC release.

Second OFAC action

Treasury’s OFAC also announced it is targeting efforts or attempts by certain Russian persons or entities to circumvent U.S. sanctions related to “significant malicious cyber-enabled activities.” 

The OFAC release designates two entities and two Russian individuals, and U.S. persons are generally prohibited from engaging in transactions with them.  

For more information on this topic or to learn more about KPMG’s Trade & Customs Services, contact:

Doug Zuvich
Partner, Global Practice Leader
T: 312-665-1022
E: dzuvich@kpmg.com

Andy Siciliano
Partner, National Practice Leader
T: 631-425-6057
E: asiciliano@kpmg.com

Irina Vaysfeld
Principal
T: 212-872-2973
E: ivaysfeld@kpmg.com

Robert Waldrop
Principal
T: 212-954-8117 
E: rwaldrop@kpmg.com

Christopher Young
Principal
T: 312-665-3229
E: christopheryoung@kpmg.com

George Zaharatos
Principal
T: 404-222-3292
E: gzaharatos@kpmg.com

John L. McLoughlin
Principal, East Coast Leader
T: 267-256-2614
E: jlmcloughlin@kpmg.com

Luis (Lou) Abad
Principal, WNT
T: 212-954-3094
E: labad@kpmg.com

Amie Ahanchian
Managing Director
T: 202-533-3247
E: aahanchian@kpmg.com

Gisele Belotto
Managing Director
T: 305-913-2779
E: gbelotto@kpmg.com

Andy Doornaert
Managing Director
T: 313-230-3080
E: adoornaert@kpmg.com

Jessica Libby
Managing Director
T: 612-305-5533
E: jlibby@kpmg.com

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