Three Cypriot firms in new sanctions list

Three Cypriot companies are included in the new list of sanctions imposed by the US. A press release by the US Department of the Treasury says that with over 300 sanctions, the US is targeting Russia's circumvention and evasion of previous sanctions, military-industrial supply chains, and future energy revenues.

The companies are Aquila Capital Group, Huriya Private Cyprus Ltd (linked to John Desmond Hanafin) and Robarin Ltd (linked to Anselm Oskar Schmucki).

"Today, the US, in coordination with the G7 and other international partners, is strengthening the unprecedented global sanctions and other restrictive economic measures to further degrade the Russian Federation's capacity to wage war against Ukraine. The US Department of the Treasury's Office of Foreign Assets Control (OFAC) is implementing new commitments made at the G7 Leaders' Summit to hold Russia...