The Treasury Department announced new sanctions on a list of people and organizations around the globe that the department alleges have been involved in supporting Russia’s military as it wages its war in Ukraine.
Fourteen people and twice as many entities were included in Monday’s sanction announcement from the Treasury’s Office of Foreign Assets Control, which described the group as “a global network of financial facilitators, enablers, and others associated with two key Kremlin-linked elites whose fortunes are intertwined with the West.”
Monday’s sanctions also targeted the immediate family of Suleiman Kerimov, who had already been sanctioned by the U.S. in late September by the State Department, and Swiss national Alexander-Walter Studhalter, who has been a key part of Kerimov’s financial network. The Office of Foreign Assets Control also designated Russian businessman Murat Aliev, a former executive at a Kerimov investment firm, who also has links to Studhalter.
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