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U.S. DEPARTMENT OF THE TREASURY
Treasury Sanctions Impede Russian Access to Battlefield Supplies
and Target Revenue Generators
July 20, 2023

WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control
(OFAC) is taking action to further implement the commitments that G7 Leaders made on February
24, 2023 and May 19, 2023. The designations announced today by OFAC and the Department of
State take measures to inhibit Russia’s access to products that support its military and war efforts;
reduce Russia’s revenue from the metals and mining sector; undermine its future energy
capabilities; degrade Russia’s access to the international financial system; and starve Russia of G7produced technology needed for its technology, aerospace, and defense sectors.
“Today’s actions represent another step in our efforts to constrain Russia’s military capabilities, its
access to battlefield supplies, and its economic bottom line,” said Deputy Secretary of the Treasury
Wally Adeyemo. “As long as Russia continues to wage its unprovoked and brutal war against
Ukraine, we will impose sanctions to deprive Russia of the technology it needs and disrupt the
Russian arms industry’s ability to resupply.”

DISRUPTING RUSSIA’S TECHNOLOGY SUPPLIERS,
IMPORTERS, AND DEVELOPERS
Sanctions are just one part of the U.S. government’s efforts to stop Russia’s procurement of critical
goods and technology. The United States is working with partner governments and the private
sector to identify and disrupt evasion networks and the actions taken today complement these
shared efforts. While cooperating with partners, Treasury will use all tools available, including
sanctions, to prevent Russia from acquiring the sensitive technology it needs to continue its fullscale war against Ukraine.
In a May 19, 2023 Supplemental Alert

, Treasury’s Financial Crimes Enforcement Network

(FinCEN) and the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) identified
certain high priority items, primarily based on the Harmonized System (HS) code classification of
components from Russian weapons systems recovered on the battlefield in Ukraine, to assist
financial institutions in identifying suspicious transactions relating to possible export control
evasion. Items described by these HS codes have been found in multiple Russian weapons systems

used against Ukraine, including the Kalibr cruise missile, the Kh-101 cruise missile, and the Orlan-10
UAV. Many of the entities designated today have transferred certain of these high priority items to
Russia-based end-users.

Russia’s Use of Kyrgyz Republic-based Entities to Acquire Dual-Use
Technology
One of the most common tactics Russian entities have used to continue their importation of
foreign-made electronics and technology is the use of third-party intermediaries and transshipment
points outside of Russia. Entities based in the Kyrgyz Republic have been frequent exporters of
controlled electronics components and other technology to Russia since Russia began its full-scale
invasion of Ukraine. Some of these shipments have subsequently supplied sensitive dual-use goods
to entities in Russia’s defense sector.
LLC RM Design and Development (RMDD), established in March 2022, is a Kyrgyz Republic-based
seller of electronic and telecommunication equipment and parts. Since its founding last year, RMDD
has been a prolific shipper of dual-use goods to Russia, including to firms that have supplied
electronics to Russia-based defense companies.
RMDD has sent hundreds of shipments of goods, including semiconductor devices, electronic
integrated circuits, and capacitors to the following Russia-based companies, among others:
Basis Trade Prosoft LLC (BTP), a supplier of industrial computers, components for automated
process control systems, and radio-electronic components.
OOO Radiotekhsnab (RTS), an importer of electronic components and wholesaler of electronic
and telecommunications equipment and parts.
Region-Prof LLC (Region-Prof), a supplier of automation equipment, electronic components,
and hardware and software for building electronic equipment.
RMDD, RTS, and Region-Prof were designated pursuant to Executive Order (E.O.) 14024 for operating
or having operated in the electronics sector of the Russian Federation economy. BTP was
designated pursuant to E.O. 14024 for operating or having operated in the technology sector of the
Russian Federation economy.
Limited Liability Company Siaisi (CIC) is a Russia-based company that primarily deals with
electronic and optical equipment as well as computers and related equipment. CIC is owned by
Russian Federation national Tatyana Grigoryevna Ivanova (Ivanova), who also serves as the
general director of CIC. Ivanova is also the general director and owner of Kyrgyz Republic-based

wholesaler OSOO Progress Lider (Progress Lider), which was established in March 2022 and has
made numerous shipments to CIC.
CIC and Ivanova were designated pursuant to E.O. 14024 for operating or having operated in the
electronics sector of the Russian Federation economy. Progress Lider was designated pursuant to
E.O. 14024 for having materially assisted, sponsored, or provided financial, material, or
technological support for, or goods or services to or in support of, CIC.
ZAO GTME Tekhnologii (GTME Tekhnologii) is a Kyrgyz Republic-based entity established in June
2022. GTME Tekhnologii has made dozens of shipments of goods to Russia, including high priority
items included in the FinCEN-BIS Supplemental Alert, such as tantalum capacitors and electronic
integrated circuits. GTME Tekhnologii’s primary customer has been Russia-based Technologies
Systems and Complexes Limited (TSC), a vendor of electronic and digital equipment.
GTME Tekhnologii and TSC were designated pursuant to E.O. 14024 for operating or having
operated in the technology sector of the Russian Federation economy.
OSOO Kargolayn (Cargoline), founded in March 2022, is a Kyrgyz Republic-based entity that has
shipped millions of dollars of foreign-made aviation equipment to Russia, including directly to
airlines that are subject to U.S. export controls.
Cargoline was designated pursuant to E.O. 14024 for operating or having operated in the aerospace
sector of the Russian Federation economy.

Targeting Additional Sanctions Evasion Facilitators
Amegino FZE (Amegino) is a UAE-based engineering and services company that provides electronic
components and related industry services. Amegino has sent dozens of shipments of electronics,
including integrated circuits, to Russia since Russia launched its full-scale invasion of Ukraine.
Amegino was designated pursuant to E.O. 14024 for operating or having operated in the technology
and electronics sectors of the Russian Federation economy.
Limited Liability Company AK Microtech (AKM)is a Russia-based firm that specializes in
transferring foreign semiconductor technology to Russian microelectronics production companies,
including entities that provide microelectronics to the Russian defense industry. A number of those
end-users are on Treasury’s Specially Designated Nationals and Blocked Persons List as well as the
Department of Commerce’s Entity List.
AKM uses non-Russian intermediaries to obfuscate Russian recipients. One such intermediary is
Serbia-based firm MCI Trading DOO Beograd Palilula (MCI), which has helped AKM acquire high-

tech items from producers in Asia, Europe, and the Middle East. MCI has also made dozens of
shipments to AKM since Russia’s invasion of Ukraine began in February 2022. Serbia national Ivan
Cvetic (Cvetic) is the director of MCI.
AKM was designated pursuant to E.O. 14024 for operating or having operated in the electronics
sector of the Russian Federation economy. MCI and Cvetic were designated pursuant to E.O. 14024
for having materially assisted, sponsored, or provided financial, material, or technological support
for, or goods or services to or in support of, AKM.

Designations Targeting Russia-Based Importers of Dual-Use Items
OFAC continues to target Russia-based entities that import dual-use technology from abroad. The
following Russia-based entities were designated today pursuant to E.O. 14024 for operating or
having operated in the electronics sector of the Russian Federation economy:
AK Systems, a developer, manufacturer, and distributor of high-tech electronic devices;
LLC Altrabeta, a developer and producer of electronic equipment;
Joint Stock Company Compel, a supplier of components for electronics manufacturing;
Limited Liability Company Forepost Trading, an electronic components supplier and
producer of electronic equipment;
LLC IQ Components, an electronic components supplier;
Komponenta AO, an electronic components supplier and electronics manufacturing service
provider;
LLC Onelek, an electronic components supplier;
NPF-Radiotekhkomplekt AO, an electronic components supplier to research institutes and
design bureaus;
Saturn EK OOO, an electronic components supplier and producer of electronic equipment;
LLC Spetselservis, an electronic components supplier,; and
Staut Company Limited, a developer of electronic engineering devices, including for robotic
systems.

TARGETING RUSSIA’S MUNITIONS FACTORIES AND HIGHTECHNOLOGY INDUSTRIES THAT SUPPORT RUSSIA’S
DEFENSE SECTOR

OFAC continues to target entities that directly support Russia’s war against Ukraine. The following
Russia-based entities were designated pursuant to E.O. 14024 for operating or having operated in
the defense and related materiel sector of the Russian Federation economy:
Aleksinskii Khimicheskii Kombinat (Aleksinsky Chemical) produces ammunition and
weapons. Aleksinsky Chemical also produces polymers, paints, and composite materials for
Russia’s military-industrial complex. Aleksinsky Chemical was also designated pursuant to E.O.
14024 for operating or having operated in the manufacturing sector of the Russian Federation
economy.
Kazanskii Gosudarstvennyi Kazennyi Porokhovoi Zavod produces explosives, weapons,
ammunition, small arms, and other defense items for the Government of the Russian
Federation.
Tambovskii Porokhovoi Zavod (Tambov Gunpowder) is one of Russia’s main producers of
ammunition for artillery and small arms. Tambov Gunpowder also produces and sells
explosives, including armor-piercing projectiles, to the Russian military.
Joint Stock Company Tula Cartridge Works manufactures small arms ammunition for Russia’s
military.
In March 2022, OFAC designated Joint Stock Company Kronshtadt (Kronshtadt) pursuant to E.O.
14024 for operating or having operated in the defense and related materiel sector of the Russian
Federation economy. Kronshtadt is a Russian defense contractor that develops and manufactures
equipment, software, and integrated solutions for Russia’s unmanned aviation and defense
industries and supports Russia’s Ministry of Defense. Today, OFAC is targeting two Russia-based
entities that are working with Kronshtadt.
AO NPO Kurganpribor (Kurganpribor) produces components for rocket systems, missiles, and
bombs. Kurganpribor is likely working with Russian unmanned aerial vehicle (UAV) manufacturers
to develop engines for UAV weapons programs.
Joint Stock Company Astrophysika National Centre of Laser Systems and
Complexes (Astrofizika) is a research and development center focused on laser and optical
technologies, including for defense purposes. Astrofizika is working with Kronshtadt to develop a
line of engines for UAVs.
Kurganpribor was designated pursuant to E.O. 14024 for operating or having operated in the
defense and related materiel sector of the Russian Federation economy. Astrofizika was designated
pursuant to E.O. 14024 for operating or having operated in the technology sector of the Russian
Federation economy.

OFAC is also targeting entities in key industries such as aerospace, quantum technologies, and
advanced computing that Russia exploits to support its defense industries. To deprive Russia of
technology for its aerospace sector, the following Russia-based companies were designated
pursuant to E.O. 14024 for operating or having operated in the aerospace sector of the Russian
Federation economy:
Arsenal Machine Building Plant Open Joint Stock Company (MZ Arsenal) manufactures
military equipment and technology, as well as space technology. Specifically, MZ Arsenal
develops and produces materiel for Russia’s navy, solid-fuel rocket engines, and ballistic
missiles.
Joint Stock Company Experimental Design Bureau Fakel produces products for aerospace
purposes.
M.V. Frunze Arsenal Design Bureau Joint Stock Company is a military contractor that
specializes in the development of space remote sensing systems.
Joint Stock Company Research and Production Corporation Precision Systems and
Instruments (NPK SPP) manufactures electronics for space complexes. NPK SPP won a
contract from Russia’s Ministry of Defense to support a space surveillance system.
Open Joint Stock Company Russian Institute of Radionavigation and Time develops
aerospace systems, including for defense purposes.
Joint Stock Company Science Research Institute for Precise Instruments (RIPI) designs and
manufactures radio engineering equipment and software-hardware complexes for the Russian
aerospace industry. Additionally, RIPI has showcased space-related products and radar at a
Russian military forum.
Space Research Institute Russian Academy of Sciences designs and tests equipment and
systems for space research under the control of Russia’s Ministry of Defense.
Joint Stock Company Special Research Bureau of Moscow Power Engineering
Institute produces aerospace industry products for missiles and aircraft.
Scientific Production Company Optolink (Optolink) is a Russia-based producer of technological
and electronic products, including optical fibers, high precision fiber optic gyroscopes, diodes, and
transistors, used in aerospace systems. On December 8, 2022, Optolink was added to the
Department of Commerce’s Entity List based on information that Optolink contributes to Russia’s
military and/or defense industrial base.
Optolink was designated pursuant to E.O. 14024 for operating or having operated in the technology
and electronics sectors of the Russian Federation economy.

OFAC is also targeting research institutes and other entities that support Russia’s research and
development of high-technology goods. The following entities were designated pursuant to E.O.
14024 for operating or having operated in the technology sector of the Russian Federation
economy:
The Budker Institute of Nuclear Physics of Siberian Branch Russian Academy of Sciences is
one of Russia’s leading physics research centers and focuses on the development of new
technologies.
P.L. Kapitza Institute for Physical Problems, Russian Academy of Sciences is a Russia-based
research institution primarily researching quantum fluids and superconductivity.
The Federal State Budgetary Institution of Science Federal Research Center Kazan
Scientific Center of the Russian Academy of Sciences (FRC KAZSC RAS) is a Russian Federal
Research Center responsible for achieving results in the implementation of technological
priorities in Russia, particularly in areas of strategic importance. FRC KAZSC RAS conducts
research related to nanotechnologies and quantum informatics and is a leading center in the
field of radio spectroscopy.
The Osipyan Institute of Solid State Physics of the Russian Academy of Sciences (ISSP) is a
Russia-based quantum research institute and it is involved in solving problems with high-tech
applications. On September 30, 2022, the Department of Commerce added ISSP to the Entity
List for acquiring and attempting to acquire U.S.-origin items in support of the Russian military.
A.M. Prokhorov General Physics Institute Russian Academy of Sciences is a Russia-based
institute that focuses research on laser physics and optics, quantum electronics,
microelectronics, and nanoelectronics.
Closed Joint Stock Company Superconducting Nanotechnology is a Russia-based company
that specializes in the development, fabrication, and implementation of superconducting
devices and which produces products which have applications for quantum computing.
The Institute of Laser Physics of the Siberian Branch of the Russian Academy of
Sciences (Institute of Laser Physics) is a federally financed institution owned by the Government
of the Russian Federation. The Institute of Laser Physics is involved in the application of high-power
lasers for scientific research and technology.
The Institute of Laser Physics was designated pursuant to E.O. 14024 for being owned or controlled
by, or for having acted or purported to act for or on behalf of, directly or indirectly, the Government
of the Russian Federation.

DEGRADING RUSSIA’S ACCESS TO THE INTERNATIONAL
FINANCIAL SYSTEM
Imposing sanctions against additional Russia-based financial institutions further degrades the
Russian Federation’s ability to maintain access to the global financial system. The following five
Russian banks were designated pursuant to E.O. 14024 for operating or having operated in the
financial services sector of the Russian Federation economy:
Joint Stock Company Locko Bank, a commercial bank located in Moscow, Russia.
Joint Stock Company Petersburg Social Commercial Bank, a commercial bank located in
Moscow and Saint Petersburg, Russia.
Joint Stock Company Commercial Bank Solidarnost, a commercial bank located in Moscow,
Russia and among the leading credit institutions in Russia’s Volga region.
JSC Tinkoff Bank (Tinkoff Bank), a commercial bank in Moscow, Russia. Tinkoff Bank is
partially owned by U.S.-designated Vladimir Olegovich Potanin. Tinkoff Bank was sanctioned by
the European Union (EU) and the United Kingdom (UK) in February and May of 2023,
respectively.
Unistream Commercial Bank JSC, a money-transfer institution located in Moscow, Russia.

FURTHER LIMITING RUSSIA’S REVENUE FROM EXTRACTIVE
INDUSTRIES AND FUTURE CAPABILITIES
Today, OFAC is taking further action to limit Russia’s revenue from its metals industries and to limit
Russia’s future energy capabilities in support of the G7 commitments.

Reducing Russia’s Revenue from the Metals and Mining Sector
Joint Stock Company Ural Mining and Metallurgical Company (UMMC) is one of Russia’s top
producers of metals such as copper, zinc, gold, and silver.
UMMC Nonferrous Metals Processing Limited Liability Company (UMMC NFMP) is a Russia-based
UMMC subsidiary involved in the non-ferrous metals processing industry that operates plants that
manufacture copper, brass, bronze, copper-nickel, and nickel rolled products.
Joint Stock Company Uralelektromed (Uralelektromed) is a Russia-based UMMC subsidiary
involved in the refining of precious metals, cathodes, and bullion products.
UMMC, UMMC NFMP, and Uralelektromed were designated pursuant to E.O. 14024 for operating or
having operated in the metals and mining sector of the Russian Federation economy.

Targeting Russia’s Manufacturers of Equipment and Chemicals for the
Energy Industry
The following Russia-based manufacturers of energy industry equipment were designated pursuant
to E.O. 14024 for operating or having operated in the manufacturing sector of the Russian
Federation economy:
Joint Stock Company Scientific Production Enterprise Research and Design Institute of
Well Logging designs special methods and technologies for geophysical surveys involving oil,
gas, ore, and coal wells and is involved in manufacturing equipment for well logging.
Limited Liability Company Proizvostvennaya Kommercheskaya Firma Gazneftemash
manufactures equipment for the drilling of new oil and gas wells.
Joint Stock Company Gazprom Avtomatizatsiya manufactures gas distribution stations for
Public Joint Stock Company Gazprom, an entity that is subject to Directive 4 Under E.O. 13662
and Directive 3 Under E.O. 14024.
Joint Stock Company Neftegazavtomatika manufactures automation equipment for the oil
and gas industries.
Limited Liability Company Oktanta manufactures drill piping inspection equipment.
Limited Liability Company Perm Oil Machine Company manufactures oilfield and drilling
equipment.
Limited Liability Company Rustmash manufactures oil drilling equipment.
The following Russia-based manufacturers of energy-related refining agents were designated
pursuant to E.O. 14024 for operating or having operated in the manufacturing sector of the Russian
Federation economy:
Limited Liability Company Ishimbay Specialized Chemical Plant of Catalyst manufactures
chemicals.
Limited Liability Company KNT KAT manufactures catalysts for the oil and gas industries.
Limited Liability Company RN KAT (RN KAT) is a subsidiary of Open Joint-Stock Company
Rosneft Oil Company (Rosneft), an entity that is subject to Directive and Directive 4 of E.O.
13662. RN KAT manufactures refining agents for Rosneft’s refineries.
Limited Liability Company Sterlitamak Catalyst Plant manufactures chemicals.
Limited Liability Company Tyumen Petroleum Research Center (TPRC) is Rosneft’s corporate
research and design institute. TPRC, which is involved in technology development, performs field

engineering and support for geological survey processes and is involved in the development of oil
and gas fields in Russia and elsewhere for Rosneft subsidiaries.
TPRC was designated pursuant to E.O. 14024 for operating or having operated in the technology
sector of the Russian Federation economy.

Targeting a Facilitator of Investment in Russia’s Extractive Industries
The Fund for Development of Energy Complex Energy (Fund Energy) is a Russia-based
investment house that invests in energy, oil and gas, and mining enterprises and infrastructure
facilities.
Fund Energy was designated pursuant to E.O. 14024 for operating or having operated in the
financial services sector of the Russian Federation economy.

SANCTIONS IMPLICATIONS
As a result of today’s action, all property and interests in property of the persons above that are in
the United States or in the possession or control of U.S. persons are blocked and must be reported
to OFAC. In addition, any entities that are owned, directly or indirectly, 50 percent or more by one or
more blocked persons are also blocked. All transactions by U.S. persons or within (or transiting) the
United States that involve any property or interests in property of designated or blocked persons
are prohibited unless exempt or authorized by a general or specific license issued by OFAC. These
prohibitions include the making of any contribution or provision of funds, goods, or services by, to,
or for the benefit of any blocked person and the receipt of any contribution or provision of funds,
goods, or services from any such person.
For identifying information on the individuals and entities sanctioned or property identified today,
click here.

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