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Global Trade Alert

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United States of America: Department of Treasury announces sanctions to degrade Russia’s military-industrial base

Description

On 1 May 2024, the U.S. Department of Treasury announced sanctions on six Turkish entities in response to their alleged support to Russia’s military-industrial base. As a result of this decision, thes...

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Intervention Details

Intervention Type

Controls on commercial transactions and investment instruments

MAST Chapter

Capital control measures

Implementation date

01 May 2024

Revocation date

No revocation date

Implementation level

National

Affected flow

Outward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Table

Affected Sectors

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Affected Products

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