U.S. Sanctions Target Third-Country Sanctions Evaders as Swiss Lawyers Call Designations Defamatory

                On October 30, 2024, the U.S. Department of the Treasury Office of Foreign Assets Control (OFAC) announced the sanctioning of 275 individuals and entities involved in furnishing Russia with advanced technology and equipment that Russia “desperately needs to support its war machine.”  The sanctions are directed at both individual actors and sanctions evasion networks across 17 jurisdictions, including India, the People’s Republic of China (PRC), Switzerland, Thailand, and Türkiye. OFAC is also targeting domestic Russian importers and producers of key inputs and other materials for Russia’s military-industrial base.