Sanctions Spam: More Russian Pals Get the U.S. Freeze
Published Date: 2/21/2025
Notice
Summary
The U.S. Department of State has added certain people linked to harmful actions by the Russian government to a special sanctions list. This means their property in the U.S. is frozen, and Americans can't do business with them. These changes took effect on August 23, 2024, tightening financial restrictions to hold them accountable.
Analyzed Economic Effects
3 provisions identified: 0 benefits, 3 costs, 0 mixed.
New SDN Listings: U.S. Property Blocked
On August 23, 2024, the Department of State added one or more persons to the Treasury Department's List of Specially Designated Nationals (SDN). All property and interests in property of those persons that are subject to U.S. jurisdiction are blocked, and U.S. persons are generally prohibited from engaging in transactions with them.
Specific Vessels Identified and Blocked
The notice lists specific vessels (for example, NORTH WAY, NORTH AIR, NORTH MOUNTAIN, NORTH SKY, PIONEER, ASYA ENERGY, EVEREST ENERGY) identified as property in which designated persons have an interest. Those vessels' property interests are blocked under the applicable sanctions authority as of the August 23, 2024 determination.
Secondary Sanctions Risk Noted
For several listed vessels, the notice states 'Secondary sanctions risk: See Section 11 of Executive Order 14024,' indicating exposure to potential secondary sanctions under that authority for certain activities associated with those vessels.
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Key Dates
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Previous / Next Documents
Previous: 2025-02898, Notice of Department of State Sanctions Actions Pursuant to the Executive Order Regarding Blocking Property With Respect to Specified Harmful Foreign Activities of the Government of the Russian Federation
The U.S. Department of State has officially blocked the property and financial interests of certain people linked to harmful actions by the Russian government. These individuals are now on a special sanctions list, meaning Americans can’t do business with them. This move took effect starting January 10, 2025, aiming to stop bad behavior and protect U.S. interests.
Next: 2025-02900, Notice of Department of State Sanctions Actions Pursuant to the Executive Order Regarding Blocking Property With Respect to Specified Harmful Foreign Activities of the Government of the Russian Federation
The U.S. Department of State has blocked the property and financial interests of certain people linked to harmful actions by the Russian government. These individuals are now on a special sanctions list, meaning Americans can’t do business with them. This update took effect on January 15, 2025, and aims to stop bad behavior by freezing assets under U.S. control.