Supply Chain Council of European Union | Scceu.org
Procurement

U.S. targets Russian military procurement network in new sanctions

WASHINGTON, Oct 19 (Reuters) – The United States on Wednesday imposed fresh sanctions on Russia over the war in Ukraine, targeting a network that Washington accused of procuring military and dual-use technologies from U.S. manufacturers and supplying them to Russian users.

The U.S. Treasury Department said it imposed sanctions on Russian national Yury Yuryevich Orekhov, whom it accused of being a procurement agent, and two of his companies – Nord-Deutsche Industrieanlagenbau GmbH and Opus Energy Trading LLC.

Deputy Secretary of the Treasury Wally Adeyemo said sanctions and export controls imposed by a broad coalition of allies had left Russia increasingly struggling to secure “inputs and technologies” for its war.

“We know these efforts are having a direct effect on the battlefield, as Russia’s desperation has led them to turn to inferior suppliers and outdated equipment,” he said in a statement.

Register now for FREE unlimited access to Reuters.com

Reporting by Daphne Psaledakis and Chris Gallagher; editing by John Stonestreet

Our Standards: The Thomson Reuters Trust Principles.

Related posts

Bank Stocks Could Be Set to Boom Under the Biden Administration

scceu

Minnesota set to apply procurement tax to captives

scceu

UP records highest-ever procurement of wheat at MSP

scceu