Russia: US sanctions over 30 individuals and 200 companies in connection with invasion of Ukraine, as of June 13

The US has expanded the list of sanctioned Russian individuals and entities as of June 13 in a continued effort to reduce the flow of goods and funds supporting Russia's invasion of Ukraine. The sanctions list includes more than 30 individuals and 200 entities, including the Moscow Stock Exchange, the National Clearing Center, Arctic LNG-1, Arctic LNG-3, Gazprom Invest, the Sogaz insurance company, Murmansk LNG, and the Amur Metallurgical Plant. The sanctions preclude listed individuals and entities from conducting business with US companies or in US dollars, among other restrictions. Additionally, effective Sept. 12, US companies will be prohibited from providing Russian citizens with IT design, consulting, or cloud computing services. US officials state the sanctioned individuals and entities have supported Russia's military and helped Moscow evade sanctions. In response, the Moscow Stock Exchange and National Clearing Center have ceased trade in US dollars and Euros, effective June 13.

Multiple governments, including EU and G7 nations, Australia, Norway, and New Zealand, are maintaining sanctions against Russia. Additionally, restrictions may be imposed on third countries perceived as not doing enough to stop Moscow from evading the bloc’s sanctions. The new sanctions also target a limited number of non-Russian companies suspected of assisting sanctions evasion.