The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) has placed financial sanctions on a Moscow-based enterprise that it alleges used a “sanctions evasion scheme” to deliver jet fuel to the Russian military operating in Syria.
OFAC added Maritime Assistance LLC, a front company to another already sanctioned company OJSC Sovfracht, to the Specially Designated Nationals and Blocked Persons (SDN) List, which blocks any assets or investments the company may have in the U.S. and prevents U.S. persons or companies from conducting business with the Russian company.
In addition, OFAC added three individuals associated with Maritime Assistance to the SDN List: Ivan Okorokov, director of Sovfracht’s marine transport department; Karen Stepanyan, first deputy director of the department; and Ilya Loginov, deputy general director for legal support at Sovfracht.
OFAC also identified five Russian-flagged tankers used in the jet-fuel transport scheme. The Yaz, Sig, Sudak, Passat and OT-2077, which are operated by Transpetrochart Co. Ltd., have been added to the SDN List. The U.S. placed Transpetrochart on the SDN List in December 2016.
“The U.S. is determined to cut off access to the international financial system from those who conspire to violate our sanctions, including those who enable the brutal war machine in Syria,” said Sigal Mandelker, Treasury’s undersecretary for terrorism and financial intelligence, in a Sept. 26 statement.
OFAC said it coordinated the action with the FBI and the U.S. Attorney’s Office for the District of Columbia.
Freight Fraud Symposium
Double brokering. AI deepfakes. Identity theft. Freight fraud is an existential threat to the industry. Get ahead of it.
Supply Chain AI Symposium
Past the hype. Join operators, founders, and enterprise leaders figuring out how to deploy AI in supply chain.
Future of Rail Symposium
Reshoring is rewriting freight demand. Join shippers, rail executives, and government officials to shape the next decade.
Double brokering. AI deepfakes. Identity theft. Freight fraud is an existential threat to the industry. Get ahead of it.
Rock & Roll Hall of Fame • Cleveland, OH Register NowPast the hype. Join operators, founders, and enterprise leaders figuring out how to deploy AI in supply chain.
The Old Post Office • Chicago, IL Register NowReshoring is rewriting freight demand. Join shippers, rail executives, and government officials to shape the next decade.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now