Thursday 15 November 2018
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business-standard - 7 days ago

US sanctions Russians over Crimea business dealings

The US on Thursday announced sanctions against three people and nine entities over Russia s intervention in Ukraine, including for doing business in annexed Crimea. The sanctions will freeze any US-based assets and ban any financial transactions with the targets, who include Vladimir Zaritsky, the former commander-in-chief of Russia s missile forces and artillery who is leading a hotel project in Crimea. The US Treasury Department remains committed to targeting Russian-backed entities that seek to profit from Russia s illegal annexation and occupation of Crimea, said Sigal Mandelker, the Treasury under secretary for terrorism and financial intelligence. Our sanctions are a clear reminder that efforts seeking to normalize investment and economic relationships with those operating in Crimea will not be tolerated and are subject to US and EU sanctions authorities, she said in a statement. In 2014, Moscow annexed Crimea, the Black Sea peninsula whose population is largely ethnically ..

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