US Treasury Department, UAE company SM Distribution Inc. Removed FZCO from anti-Russian sanctions. This was reported by RIA News.
However, the reason for the decision was not stated.
The United States imposed sanctions on this company in November last year. Later, the Ministry of Finance accused the company specializing in electronic commerce of supplying high-priority products to Russia, including machines for receiving, processing and transmitting data.
On February 3, Deputy Assistant Secretary of the Treasury Brian Nelson, who is responsible for financial intelligence and counterterrorism at the department, said: discussed Bypassing Western sanctions on Russia and Iran, United Arab Emirates (UAE) officials said.
Before that, the US Treasury sanctions imposed Against 17 tankers carrying Russian oil under the Liberian flag.
Previously in the USA requested Hong Kong will “do more” around anti-Russian sanctions.