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Sanctions for oligarch’s “facilitation network”

The US Department of the Treasury’s Office of Foreign Assets Control (“OFAC”), continuing with its goal of interrupting financing of Russia’s military industrial complex, announced another series of designations targeting “the facilitation network” of a billionaire Russian oligarch. The sanctions against the network of Alisher Usmanov, himself sanctioned across multiple jurisdictions in 2022, includes the designation of 25 individuals and 29 entities with touchpoints in 20 jurisdictions. This ac...

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