"U.S. Expands Sanctions, Targets Russian Defense Procurement Network"

1 min read
Source: Treasury
"U.S. Expands Sanctions, Targets Russian Defense Procurement Network"
Photo: Treasury
TL;DR Summary

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has targeted a network led by Belgian businessman Hans De Geetere, which is involved in procuring electronics with military applications for Russian end-users. Concurrently, the U.S. Department of Justice (DOJ) has unsealed two indictments against De Geetere for unlawfully exporting sensitive military-grade technology to China and Russia. The U.S. Department of Commerce has also added De Geetere and five entities to the Bureau of Industry and Security (BIS) Entity List. The coordinated action aims to enforce sanctions and export controls, holding accountable those who seek to evade these measures and disrupt Russia's access to critical military technology.

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