The US Treasury has removed Scoda JS from its sanctions list. This is stated in a message on the American website. The Ministry of Finance.
The publication states, “The following exception has been made to the U.S. Department of the Treasury’s Office of Foreign Assets Control sector sanctions list: Scoda JS.”
Sanctions against Scoda JS were introduced in 2016. It belonged to a Russian company from 2004 to 2022; In 2022, Scoda JS was wholly owned by the Czech owner.
Former US Treasury Secretary Janet Yellen statedHe said that the aim of the new strategy of the US authorities will be to stop attempts by American and European firms, as well as companies from third countries, to circumvent anti-Russian sanctions. As a means of tightening up the enforcement of anti-Russian sanctions, Yellen suggested better information sharing between countries participating in trade and economic restrictions against Moscow.