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Today, as part of its continued response to Russia's HORRIFIC war of aggression against Ukraine, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) designated 22 individuals and 2 entities, including multiple individuals who have furthered the Government of the Russian Federation's (GoR) objectives in Ukraine, both prior to and during Russia's further invasion of Ukraine in 2022. Also included among those being designated is Task Force Rusich, a neo-Nazi < eyebrow > paramilitary group that has participated in combat alongside Russia's military in Ukraine, as well as two of its senior leaders. Today's action is being taken in coordination with those taken by the U.S. Department of Commerce, which is imposing additional export control measures to further align with partners and allies, as well as by the U.S. Department of State, which is targeting Russia's defense and high-technology industries, as well as proxy authorities. ...
Today's action is being taken in coordination with those taken by the U.S. Department of Commerce, which is imposing additional export control measures to further align with partners and allies, as well as by the U.S. Department of State, which is targeting Russia's defense and high-technology industries, as well as proxy authorities. ...
In response to Russia's February 2022 further invasion of Ukraine, the United States and an international coalition of allies and partners took swift action to substantially sever Russia's access to the world's financial infrastructure. In response, Russia has scrambled to find new ways to process payments and conduct transactions. Directly and indirectly, Russia's financial technocrats have supported the Kremlin's unprovoked war. Today's designations target those efforts. OFAC is also publishing a Frequently Asked Question (FAQ) to provide additional guidance on the heightened risk of facilitating Russia's efforts to evade sanctions through the ["]expanded use["] of the National Payment Card System (NSPK) or the Mir National Payment System, given the broad sanctions imposed on Russia's financial system this year. [...]
Treasury is also taking additional action to cut off Russia's access to a key service from U.S. companies. Today, OFAC issued a determination pursuant to E.O. 14071 prohibiting the exportation, re[-]exportation, sale, or supply, directly or indirectly [CHIP 4 Indo-Pac supply chain?], from the United States, or by a United States person, wherever located, of quantum computing services to any person located in the Russian Federation. [...] In parallel with this action, OFAC has identified the quantum computing sector < eyebrow > of the Russian Federation economy pursuant to E.O. 14024. This determination allows for sanctions to be imposed on any individual or entity determined to operate or have operated in this sector of the Russian Federation economy and, thereby, expands the United States' ability to swiftly impose additional economic costs on Russia for its WAR OF CHOICE in Ukraine....
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