11:23 Apr. 7, 2016
Treasury seeks to identify people assisting violators
The U.S. plans to search the millions of documents leaked from a Panamanian law firm for information about people who may have helped companies or individuals evade sanctions related to Russia's role in destabilizing Ukraine, a person familiar with the matter said.
These people could be added to the U.S. Treasury Department's list of sanctioned parties. In July and December last year, the Treasury's Office of Foreign Assets Control, known as OFAC, named individuals and companies that it said were helping associates of Russian President Vladimir Putin get around the sanctions
The Treasury could release a new list as early as June, which would coincide with the expected timing of the next vote by European Union countries on whether to extend their sanctions against Russia, matching the coordinated timing of the last two expansions.
"Clearly this trove of documents has the potential to give OFAC a number of leads and to help build the actual evidence" to support new designations, said Peter Harrell, a former deputy assistant secretary of state for counter-threat finance and sanctions.
He added that he expected the EU to vote to extend sanctions against Russia for an additional six months.