HomeOffice of the SpokespersonPress Releases...Sanctioning Additional Members of Russia’s Duma, Russian Elites, Bank Board Members, and Defense Entities

# 									Sanctioning Additional Members of Russia’s Duma, Russian Elites, Bank Board Members, and Defense Entities							

Press Statement

Antony J. Blinken, Secretary of State

March 24, 2022

President Putin’s war continues to inflict horror and widespread suffering on the people of Ukraine.  At the same time, in Russia, the State Duma continues to use its legislative power to target domestic dissenters and political opponents, disrupt the free flow of information, and restrict the human rights and fundamental freedoms of the citizens of Russia.  The United States today is designating 328 members of the Russian State Duma, in addition to the 12 members designated on March 11.  These members supported the Kremlin’s violations of Ukraine’s sovereignty and territorial integrity, including through treaties recognizing the self-proclaimed independence of Russian-proxy controlled areas of eastern Ukraine, the so-called Donetsk People’s Republic (DNR) and Luhansk People’s Republic (LNR).

The United States is also designating the Russian State Duma in its entirety, as well as Herman Gref, the head of Sberbank and a close ally of Putin.  Today’s actions are taken pursuant to Executive Order 14024, which authorizes sanctions against Russia for its harmful foreign activities.  These actions complement the ongoing efforts of our allies and partners to hold to account enablers of this unconscionable war of choice against Ukraine and its people.

As part of this action, we are also targeting multiple Russian elites to include their properties and family members.  Notably, this will include 17 members of the board of PJSC Sovcombank, a designated entity.  These executives join the growing list of individuals associated with blocked Russian financial institutions that now also find themselves subject to U.S. sanctions.  Additionally, OOO Volga Group is being re-designated for having operated in the financial services sector of the Russian Federation economy.  As a result, Gennady Nikolayevich Timchenko, the owner of OOO Volga Group, will also be re-designated along with OOO Transoil, which Timchenko owns.  Timchenko’s wife, Elena Petrovna Timchenko, and daughter, Natalya Browning, will now also be designated along with Ksenia Gennadevna Frank, a board member of OOO Transoil and her spouse Gleb Sergeevich Frank.

Additionally, the United States is taking action to impose additional severe costs on Russia’s defense establishment.  This includes designating multiple defense-related entities and one associated individual.  An important component of today’s action is designating Russian defense companies that are part of Russia’s defense-industrial base and that produce weapons that have been used in Russia’s war of aggression.  By cutting off dozens of Russian defense companies from the U.S. financial system, today’s action will have a deep and long-lasting effect on Russia’s defense-industrial base.  We are targeting, and will continue to target, the suppliers of Russia’s war effort and, in turn, their supply chain.

With our partners and allies, the United States aims to strike the heart of Russia’s ability to engage in warfare and carry out aggression against other countries, including Ukraine.  We will continue to impose costs until Putin ends this unprovoked war against Ukraine.  We call on those closest to Putin to cease and publicly condemn this cold-blooded war, which has caused the unconscionable death of hundreds of civilians, including children, and the largest humanitarian catastrophe in Europe since the Second World War.

At the same time, we continue to support Ukraine, including through an additional $800 million in security assistance, bringing the total U.S. security assistance committed to Ukraine to $1 billion in the past two weeks and more than $2 billion since last March.  The United States is the largest single country donor of humanitarian assistance to Ukraine.  We stand with the brave people of Ukraine who are demonstrating incredible courage and fierce determination in defending their country against the Kremlin’s aggression.

For more information on today’s action, please see the Department of State Fact Sheet and the Department of the Treasury’s press release.

Tags

Bureau of Economic and Business AffairsBureau of European and Eurasian AffairsDivision for Counter Threat Finance and SanctionsOffice of the SpokespersonRussiaSanctionsThe Secretary of StateUkraine

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