The UK has sanctioned Alisher Usmanov’s USM holding and two linked companies, Curzon Square and Hanley, due to their ties to the Russian government and strategic sectors. Two Cypriot nationals connected to Usmanov and Roman Abramovich also face sanctions.
The US Treasury Department has sanctioned Uzbekistan’s Akhangarancement JSC and Alisher Usmanov-linked Akkermann Cement CA over concerns of potential sanction circumvention. The Office of Foreign Assets Control (OFAC) issued a license to wind down transactions with these companies until July 11.
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