US Sanctions Russian Shipbuilding, Diamond Mining Companies – Treasury Dept.

WASHINGTON (UrduPoint News / Sputnik – 08th April, 2022) The United States issued new sanctions towards Russia’s United Shipbuilding Corporation and its board members, and Alrosa, the world’s largest diamond mining firm, the US Treasury Department mentioned in an announcement.

“United Shipbuilding Corporation (USC) is a major Russian SOE responsible for developing and building the Russian Navy’s warships. USC is responsible for the construction of almost all of Russia’s warships, as well as those built for foreign customers. Along with re-designating USC, the Department of State designated 28 subsidiaries and eight board members,” the Treasury Department mentioned in a press launch on Thursday.

Some of the opposite newly-sanctioned entities embrace Aysberg Central Design Building, Baltic Shipyard, Almaz Central Marine Design Bureau, Admiralty Shipyards, and Severnaya Verf.

The president of United Shipbuilding Corporation Alexei Rakhnamov is among the many eight officers sanctioned, in response to Treasury.

Other Russian officers designated for his or her ties to United Shipbuilding Corporation embrace Andrey Vasilyevich Lavrishchev, Vitaliy Anatolyevich Markelov, Georgiy Sergeyevich Poltavchenko, Vladimir Yakovlevich Pospelov, Oleg Nikolayevich Ryazantsev, Ilya Vasilyevich Shestakov, and Andrei Nikolaevich Shishkin, in response to the Treasury.

The United States additionally sanctioned Alrosa, a Russian state-owned enterprise that’s the world’s largest diamond mining firm, accounting for 28 % of worldwide diamond mining, the Treasury mentioned.

All entities owned 50 % or extra, instantly or not directly, by Alrosa are additionally sanctioned, the Treasury added.

The sanctions are the most recent within the United States’ stress marketing campaign towards Russia over its particular army operation in Ukraine.

On February 24, Russia launched a particular army operation in Ukraine after the breakaway republics of Donetsk and Luhansk requested assist to defend them from intensifying assaults by Ukrainian troops. The Russian Ministry of Defense mentioned the operation is solely focusing on Ukrainian army infrastructure and the civilian inhabitants shouldn’t be at risk.

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