The U.S. Department of Commerce has extended the list of companies and organizations covered by sanctions due to violation of international legislation and stirring of the conflict in the east of Ukraine. The total of 81 companies operating in Russia, India, Hon Kong, and Crimea have been added. The sanctions limit supplies of U.S.-made goods and technologies to these organizations. The list includes 11 companies of Russian defense sector, 51 Gazprom-controlled companies, and seven companies based in temporarily occupied Ukrainian Crimea relating to the Russian defense sector, Censor.NET reports citing Voice of America.
18 of the companies in question have made it to the list due to their operations in occupied Crimea, contractors for the Kerch bridge construction among them.
The sanctions also cover "Committee for Ukraine's rescue" - an organization headed by former Ukrainian PM Mykola Azarov. The U.S. government believes the organization's activities, namely seizure of power in Crimea, have undermined the democratic process in Ukraine, and pose a threat to peace and stability of Ukraine, as well as stability of the United States.
As explained by lawyers, the Committee and Azarov will no longer be able to have commercial ties with citizens or residents of the U.S. , and their property controlled by Americans will be frozen. This also includes the savings in U.S. dollars they might have in foreign banks, as long as funds denominated in USD are held in correspondent accounts in U.S. banks.
The experts say that sanctions against Russia have their influence on many global companies' work with Russia.
Other companies might not want to deal with people from the sanctions list, first of all due to reputation risks, experts say. Large Japanese or Australian banks, for instance, will not work with certain individuals, companies and countries in order to avoid any possible problems in the U.S., they believe.
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