US Commerce Department says it has imposed export restrictions on 49 companies aiding the Russian military-industrial complex Reuters.
Sanctions were imposed on legal entities from China, Estonia, Finland, Germany, India, Turkey, UAE and the United Kingdom.
It was previously reported by the US Department of Justice. condensed An investigation has been launched into Credit Suisse and UBS over suspected violations of the sanctions regime that allows Russian clients to bypass restrictions.
Initially, at the beginning of the year, the ministry issued subpoenas to a number of banks. The investigation has now focused on Credit Suisse, the source reported. Following the acquisition of Credit Suisse by UBS in June, the Justice Department notified UBS’s U.S. attorneys about the former bank’s possible sanctions violations.
According to sources, the Ministry of Justice also controls UBS. The agency has requested information about working with sanctioned clients in recent years but has yet to subpoena employees for questioning.
Formerly US Secretary of State statedThat Russia and China currently pose “the most serious threat to world order” on the planet.