Home » Trump lifted sanctions against a number of Russian companies and banks: what is known

Trump lifted sanctions against a number of Russian companies and banks: what is known

by alex

Trump signed an executive order that lifts sanctions against Russian companies, including Tempbank and Russian Financial Alliance.

US President Donald Trump has lifted some sanctions against Syria, which has led to the lifting of restrictions on a number of Russian individuals.

This is stated in a release from the US Treasury Department's Office of Foreign Assets Control (OFAC).

Russian companies sanctioned over Syria included Ilyumzhinov's Russian Financial Alliance bank (liquidated in 2016), Tempbank (2017), Mir Business Bank from Iran, RFK Bank, Promsyrinpromport, Rosoboronexport, Global Concepts Group, Global Vision Group, STG Logistics, and Maritime Assistance. STG Logistics is a subsidiary of oligarch Gennady Timchenko's Stroytransgaz, which mines phosphates in Syria. Rosoboronexport is a state-owned exporter of military products and is part of the Rostec state corporation, known for its high-tech weapons.

Let us recall that earlier we wrote that Ukrainian President Volodymyr Zelensky signed a decree on sanctions against 87 companies and individuals involved in the production and supply of parts for the Shahed kamikaze drones.

You may also like

Leave a Comment