Individuals and legal entities connected to Cyprus have been removed from the updated designations list of the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC). These natural and legal persons had been included on the OFAC list due to their links to sanctions imposed on Russia.
Specifically, five individuals and three legal entities connected to one of the individuals were removed from the OFAC list on Monday, 24 November. Two of the three legal entities are registered in Cyprus.
All individuals and legal entities removed from the OFAC list on Monday had been designated as posing a “secondary sanctions risk” and were linked to Executive Order 14024 concerning Russia, which is not related to the crisis in Ukraine but addresses national security threats to the USA, posed by specified harmful foreign activities of the Russian Federation, including "its efforts to undermine the conduct of free and fair democratic elections and democratic institutions in the United States and its allies and partners; engaging in and facilitating malicious cyber-enabled activities against the United States and its allies and partners; fostering and using transnational corruption to influence foreign governments; pursuing extraterritorial activities targeting dissidents or journalists; undermining security in countries and regions important to United States national security; and violating well-established principles of international law, including respect for the territorial integrity of states".
In detail, D.S., with addresses in Limassol and Monaco, was removed from the list. He had been included to the SDN list due to his connection with Alisher Burhanovich Usmanov.
Three legal entities connected to D.S. were also removed from the list. These are Omnia Services Cyprus Ltd and Hightrail Ltd, based in Limassol, and Omnia Antibes, based in France.
Additionally, K.A. and A.K.V. were removed from the list. They had been included due to their link with the companies Windfel Properties Ltd, Savoler Development Ltd, and Miramonte Investments Ltd.
Finally, K.G. (K.Y.) and M.G. were also removed from the list, as they had been included due to their link with Almenor Holdings Ltd.
