US expands sanctions against ALROSA

In addition, the United Shipbuilding Corporation fell under the sanctions. Both companies are subject to an asset freeze order

The Office of Foreign Assets Control (OFAC) of the US Treasury has expanded sanctions against the Russian diamond mining company ALROSA, according to the agency's website.

“Today OFAC expands previous sanctions <…> for being owned or controlled by, or for having acted or intended to act directly or indirectly in the interests of or on behalf of the government of Russia, — said in the announcement.

The world's largest diamond miner is subject to asset freeze order 14,024.

Similar restrictive measures were taken by the US Department of State in relation to United Shipbuilding Corporation JSC; (OSK), the largest shipbuilding company in Russia, as well as its management and 28 subsidiaries.

Among individuals— Aleksey Rakhmanov, Chairman of the Management Board, General Director of USC, Georgy Poltavchenko, Chairman of the Board of Directors, and members of the Board of Directors: Andrey Lavrishchev, Head of the Federal Agency for Maritime and River Transport, Deputy Chairman of the Management Board of PJSC Gazprom; Vitaly Markelov, Member of the Board of the Military-Industrial Commission Vladimir Pospelov, Head of the Federal Agency for Fisheries Ilya Shestakov, Vice President for Energy, Localization and Innovation of Rosneft Oil Company PJSC Andrey Shishkin, Deputy Minister of Industry and Trade Oleg Ryazantsev.

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ALROSA has already been under US sanctions since the beginning of March. It is prohibited from raising capital through the issuance of stocks and bonds in the United States. The general director of the company, Sergei Ivanov, also fell under the restrictions, who then asked to cut his salary in half. ALROSA urged customers to pay for diamonds in euros and other currencies, not dollars, and then suspended the publication of monthly sales data.

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