US Targets Firms in Turkey and UAE for Aiding Russian Sanctions Evasion

1 min read
Source: Al-Monitor
US Targets Firms in Turkey and UAE for Aiding Russian Sanctions Evasion
Photo: Al-Monitor
TL;DR Summary

The US has imposed new sanctions on over 120 targets, including firms based in Turkey and the UAE, for allegedly aiding Russia's war effort in Ukraine and helping it evade sanctions. The Treasury Department has cracked down on intermediaries used to circumvent sanctions and export controls. The State Department also imposed sanctions on two Turkey-based shipping companies suspected of providing material support to a previously designated Russian shipping company. The UAE has been described as a "country of focus" for Russian sanctions enforcement, with several UAE-based companies blacklisted for sending goods to US-designated Russian entities.

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