: US sanctions firms of Putin's allies building Kerch Bridge in annexed Crimea
News10:09 Sep. 2, 2016

US sanctions firms of Putin's allies building Kerch Bridge in annexed Crimea

Defense firms operating in Crimea and entities in the Crimean maritime sector were also sanctioned

The U.S. Department of Treasury's Office of Foreign Assets Control (OFAC) on September 1 extended sanctions against Russian companies of President Vladimir Putin's allies engaged in the construction of the Kerch Bridge in Russian annexed Crimea.

In particular, the action targets 18 construction, transportation, and defense entities pursuant to Designations Regarding Crimean Entities under Executive Order 13685, which authorizes sanctions on, among others, any person determined to operate in the Crimea region of Ukraine, the U.S. Department of the Treasury said.

Read also EU set to prolong sanctions against Russia over Ukraine

Except as otherwise noted, the persons listed below are designated for operating in the Crimea region of Ukraine. Russia's SGM-Most OOO, which is owned by previously designated gas pipeline construction company Stroygazmontazh, is the chief contractor for the construction of the Kerch Bridge, which would span the Kerch Strait to connect the Crimean peninsula with Russia.

PJSC Mostotrest is a major Russian construction company engaged in the construction of bridges, roads and other transport infrastructure facilities. In March 2016, SGM-Most OOO awarded a multi-billion ruble construction contract to Mostotrest for the development of the Kerch Bridge.

Full story on UNIAN


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