The United States is expanding sanctions: now not only Russian but also foreign companies are on the “black list”
America has prepared a new “black list” for those who collaborate with Russia.
Photo: Shutterstock
Not even a year has passed since the Moskvich plant resumed production of cars, and already such recognition – the enterprise came under American sanctions. Ended up on the blacklist published September 14, and the veteran of Avtovaz, as well as the companies Rosavtodor, NPO Saturn, Siberian Coal Company – about 120 organizations in total. Moreover, in addition to Russian ones, there are many foreign ones on the list – from the Central African Republic, the UAE, Slovenia, Finland, and Belgium. In addition, personal sanctions were imposed on several dozen citizens, including foreigners. Those on the Forbes list of billionaires also found themselves under sanctions – the president of Transmashholding Andrei Bokarev, the head of UMMC Iskandar Makhmudov and the founder of the Russian Copper Company Igor Altushkin.
In America, the “black list” (the so-called SDN List), which lists organizations and citizens with whom US citizens are prohibited from doing business, is published by the Office of Foreign Assets Control (OFAC), a special unit under the Department of the Treasury. According to the Americans, the Russian companies included in the list are connected with the Russian military-industrial complex and military supply chains, and individuals support the Russian government and allegedly benefit from the ongoing hostilities in Ukraine. As for foreign companies, they were punished by the United States for taking part in the export of prohibited goods to Russia, including dual-use products.
– Of course, first of all, this is a signal to all foreign citizens and companies that help Russia, – says economist Denis Raksha. “The Americans have been doing this work for a long time, visiting these countries, talking with local politicians and officials, calling on them to monitor the implementation of the restrictions imposed by the sanctions packages. But the exhortations were not very successful, so other work was carried out in parallel – information was collected about companies that participate in parallel import schemes. But it must be said that if we talk about foreign companies and citizens, then there are no random names. They all knew what they were doing, wanting to earn big money, they took a conscious risk. But in reality, of course, this is a drop in the ocean. There are many more such companies, and others will replace those that the United States has now imposed restrictions on. Or maybe parallel chains were immediately built as a safety net. So even if Russia has difficulties in connection with updating the list, they will be temporary. With these methods it is impossible to stop the import of sanctioned goods into our country.
As for Russian companies, the imposed restrictions, of course, can affect their work, says Denis Raksha. But in each specific case everything will be very individual. Some may have difficulties purchasing equipment, others may have difficulties with foreign buyers. Companies are very different, so the consequences will be different.
READ ALSO
The US expanded sanctions against Russia
Domestic companies, including those in the defense sector, are included in the new US sanctions list (more details)
LISTEN ALSO
It has been revealed who is to blame for the fall of the ruble – the dollar or the rupee (more details)
