OFAC announces new sanctions on Russian oligarch and Hungarian bank ...Iraq

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Shafaq News/ The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC), in coordination with the British government, announced on Wednesday new sanctions on Russian oligarch Alisher Usmanov, who is subject to sanctions in multiple jurisdictions, and Hungary's International Investment Bank.The U.S. Department of State concurrently designated several entities operating in the defense sector of the Russian Federation economy and entities supporting Russia's war against Ukraine, as well as additional entities associated with Russia's State Atomic Energy Corporation (Rosatom).The new designations involved 25 individuals and 29 entities in 20 jurisdictions. The State Department

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