The US imposes new restrictive measures against russia to eliminate sanctions evasion schemes

russia has reportedly set up a scheme to evade restrictive measures with China and Kyrgyzstan, among others. russia is trying to simplify cross-border payments for sensitive goods.

“Under the guidance and support of russian officials and their counterparts in China, russia and China are working to establish regional clearing platforms in both russia and China to act as counterparties to facilitate cross-border payments for sensitive goods. The RCPs facilitate non-cash settlements for payments for so-called sanctioned goods,” the Ministry of Finance said.

The scheme involves russian financial institutions previously included in the US sanctions list, such as Sberbank of russia, Alfa-Bank, Sovcombank, and T-Bank. In addition, Herbarium Office Management LLC, Atlant Trade, Sigma Partners, Transactions and Settlements, as well as russian banks Roseximbank, Moscow Credit Bank, AK Bars, Moscow Exchange, Keremet Bank (Kyrgyzstan), and others were involved in the transaction.

The sanctions list also includes organizations from the russian energy sector, such as Gazstroyprom, Polymetal, Rusgazdobycha, Severstal, as well as defense and materials companies: Alexinskiy Khimkombinat, Silicon El Group, Russian Space Systems, etc.

The list also includes the Zaporizhzhia Nuclear Power Plant, a structure created to illegally manage the occupied ZNPP. In total, the list includes about a hundred organizations.

Source: U.S. Department of the Treasury