The Office of Foreign Assets Control (OFAC) is a financial intelligence and enforcement agency of the U.S. Treasury Department. It administers and enforces economic and trade sanctions in support of U.S. national security and foreign policy objectives. Under presidential national emergency powers, OFAC carries out its activities against foreign governments, organizations, and individuals deemed a threat to U.S. national security.
Economic sanctions are commercial and financial penalties applied by states or institutions against states, groups, or individuals. Economic sanctions are a form of coercion that attempts to get an actor to change its behavior through disruption in economic exchange. Sanctions can be intended to compel or deterrence.
United States sanctions are financial and trade restrictions imposed against individuals, entities, and jurisdictions whose actions contradict U.S. foreign policy or national security goals. Financial sanctions are primarily administered by the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC), while export controls are primarily administered by the U.S. Department of Commerce's Bureau of Industry and Security (BIS).
NPO Mashinostroyeniya is a rocket design bureau based in Reutov, Russia. During the Cold War it was responsible for several major weapons systems, including the UR-100N Intercontinental ballistic missile and the military Almaz space station program.
Gazprombank, or GPB (JSC), is a private-owned Russian bank, the third largest bank in the country by assets. Since November 2014, Yuri Shamalov's Gazfond is its largest shareholder. Gazprombank is one of the main channels for payments for Russian oil and gas.
VEB.RF, or VEB, is a Russian state development corporation and investment company. It was founded in 2007 as a development institute. It has financed more than 300 projects.
The Foreign Trade Bank of the Democratic People's Republic of Korea is North Korea's primary foreign exchange bank, and is owned and run by the North Korean government.
International sanctions have been imposed against Russia and Crimea during the Russo-Ukrainian War by a large number of countries, including the United States, Canada, the European Union, and international organisations following the Russian annexation of Crimea, which began in late February 2014. Belarus has also been sanctioned for its cooperation with and assistance to Russian armed forces. The sanctions were imposed against individuals, businesses, and officials from Russia and Ukraine. Russia responded with sanctions against several countries, including a total ban on food imports from Australia, Canada, Norway, Japan, the United States, the EU and the United Kingdom.
A number of countries and international bodies have imposed international sanctions against North Korea. Currently, many sanctions are concerned with North Korea's nuclear weapons programme and were imposed after its first nuclear test in 2006.
NPO Splav is one of the leading global developers and manufacturers of multiple rocket launcher systems (MLRS), and one of the key companies providing Russian arms for the global market in the segment. It is the only company in Russia which designs and develops multiple launch rocket systems (MLRS) and cartridges.
The Countering America's Adversaries Through Sanctions Act (CAATSA) is a United States federal law that imposed sanctions on Iran, North Korea, and Russia. The bill was passed by the Senate on July 27, 2017, 98–2, after it passed the House 419–3. It was signed into law on August 2, 2017 by President Donald Trump, who nevertheless believed that the legislation was "seriously flawed".
The Post Bank is a Russian PAO consumer bank founded on January 28, 2016, and obtained a license from the Central Bank of Russia for banking operations No. 650 on March 25, 2016. It was previously the Leto Bank under VTB24. Prior to that, it was the "Bezhitsa-Bank" in Bryansk. The company's headquarters are in Moscow.
During the crisis in Venezuela, governments of the United States, the European Union (E.U.), Canada, Mexico, Panama and Switzerland have applied sanctions against Venezuela, as well as against specific government entities and individuals associated with the administration of Nicolás Maduro. Through April 2019, the U.S. sanctioned more than 150 companies, vessels and individuals, in addition to revoking visas of 718 individuals associated with Maduro. By September 2019, the Center for Strategic and International Studies said 119 Venezuelans had been sanctioned by the U.S. and several other countries.
The United States government applies economic sanctions against certain institutions and key members of the Chinese government and its ruling Chinese Communist Party (CCP), certain companies linked to the People's Liberation Army (PLA), and other affiliates that the US government has accused of aiding in human rights abuses. The US maintained embargoes against China from the inception of the People's Republic of China in 1949 until 1972. An embargo was reimposed by the US following the 1989 Tiananmen Square protests and massacre. From 2020 onward, the US imposed sanctions and visa restrictions against several Chinese government officials and companies, in response to the persecution of Uyghurs in China, human rights abuses in Hong Kong and Tibet, military-civil fusion, support for the Russian invasion of Ukraine, and fentanyl production.
Navalny 35 are a group of Russian human rights abusers, kleptocrats, and corruptioners involved in poisoning and imprisonment of Russian opposition leader Alexei Navalny. The initial list contained 35 individuals.
Following Russia's invasion of Ukraine beginning on 24 February 2022, the United States, the European Union, and other Western countries introduced or significantly expanded sanctions covering Russian President Vladimir Putin, other government members and Russian citizens in general. Some Russian banks were banned from using the SWIFT international payments system. The sanctions and the boycotts of Russia and Belarus impacted the Russian economy.
The United States has supported Ukraine during the ongoing Russian invasion of Ukraine. After it began on 24 February 2022, President Joe Biden condemned the invasion, provided military and humanitarian aid to Ukraine, and sanctioned Russia and Belarus, the two countries most involved in invading Ukraine.
