Economy

US Strengthens Sanctions Against Russia-Linked Entities Amid Ukraine Conflict

New Sanctions Imposed by the US Treasury

The United States Treasury Department's Office of Foreign Assets Control (OFAC) has announced the addition of several individuals, entities, vessels, and deletions linked to Russia's military campaign in Ukraine to its list of Specially Designated Nationals (SDN), effectively freezing their assets.

Details of the Sanctions

The sanctions target five individuals—three from Russia, one from Afghanistan, and one from Iran—alongside four entities, including AM Asia M6 Ltd., based in Hong Kong.

Political Context

This move follows indications from the Trump administration that some sanctions against Russia could be lifted as part of negotiations for a ceasefire in Ukraine. However, reports suggest that President Trump believes Russian President Putin may be stalling these talks.