US Expands Sectoral Sanctions Against Russia, Blocks New Defense Companies

15 September 2014
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Key takeaways:

  • The United States, immediately following similar actions by the European Union, expanded the scope of the sectoral sanctions against Russia by designating more Russian companies as well as expanding the scope of restrictions imposed on U.S. persons’ dealings with designated companies.
  • Blocking sanctions targeting Russia’s defense industry have been expanded to include several additional defense technology companies.