The United States Sanctions a Russian Shipbuilding Company and the World’s Largest Diamond Producer

File – An overview of the Department of the Treasury – Andrej Sokolow/dpa – File

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The United States has issued sanctions this Thursday against the world’s largest diamond producer, Alrosa, and the shipbuilding, repair and maintenance company United Shipbuilding Corporation (USC) in response to the Russian invasion of Ukraine.

“These actions, taken with the State Department and in coordination with our allies and partners, reflect our continued effort to restrict the Kremlin’s access to assets, resources, and sectors of the economy that are essential to fueling and financing Putin’s brutality.” , has sentenced the undersecretary of the Treasury for Terrorism and Financial Intelligence, Brian Nelson.

As the US Treasury Department has recalled in a statement, Alrosa, a company that is responsible for 90 percent of Russia’s diamond mining capacity, has also been sanctioned by Canada, the United Kingdom, New Zealand and the Bahamas.

“USC is responsible for the construction of almost all of Russia’s warships, as well as those built for foreign clients. Along with the redesignation of USC, the State Department designated 28 subsidiaries and eight board members,” he said. , meanwhile, with respect to the naval company.

Because of these sanctions against these eight USC members, their properties and interests in the United States “are blocked.” “In addition, any entity that is owned, directly or indirectly, 50 percent or more by one or more blocked persons is also blocked,” the Treasury Department added.

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