USA, EU and Canada impose sanctions on several Russian shipyards
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) in partnership with the EU and Canada has imposed sanctions on a number of Russian shipyards in response to Russia’s policy toward Ukraine.
According to the Department’s statement, the list of companies include Yaroslavsky Shipbuilding Plant, Zelenodolsk Shipyard Plant, AO Kontsern Okeanpribor, PAO Zvezda, GUP RK KTB Sudokompozit. The above shipyards manufacture ships, equipment and materials for Russia’s Federal Security Service (FSB) and the Russian Navy, says the statement.
According to the statement, all property and interests in property of the designated individuals and entities are blocked, and U.S. persons are generally prohibited from transacting with them. Moreover, any entities owned 50 percent or more by these designated persons are also blocked by operation of law.