Coordinated multilateral sanctions target more than 4,800 Russian entities and individuals, but financial facilitators around the world are enabling Russia’s sanctions evasion and circumvention efforts.

In response, the United States and the Group of Seven (G7) allies are intensifying efforts to target the enablers, and have issued advisories describing the types of evasion, including but not limited to: (1) using “family members and close associates to ensure continued access and control” of assets; (2) using “real estate to hold value;” (3) using complex ownership structures to avoid detection; and (4) transferring assets and funds to countries that have not sanctioned Russia, including the United Arab Emirates, Turkey, China, Brazil, and India, among others.

Recently, the United States and United Kingdom announced the designation of Russian oligarch Alisher Usmanov’s network of sanctions evasion enablers and financial facilitators. This designation is a good first step. But how far are G7 allies willing to go to crack down on sanctions evasion within their own jurisdictions? How is the US government working with partners, and what can the private sector be on the lookout for to identify sanctions evasion and protect against it?

Join us for a discussion on May 18th, at 9:30 am with Scott Anderson, National Coordinator of the Disruptive Technology Strike Force and Acting Assistant Director for National Security Programs at the US Department of Commerce’s Bureau of Industry and Security, Seth Bridge, Coordinator of the Russian Elites, Proxies, and Oligarchs (REPO) Task Force at the US Department of the Treasury, and David Lim, Deputy Director of the Task Force KleptoCapture (TFKC) at the US Department of Justice. The discussion will be moderated by Kimberly Donovan, Director of the Economic Statecraft Initiative within the Atlantic Council’s GeoEconomics Center.

Speakers

Scott Anderson
National Coordinator of the Disruptive Technology Strike Force and Acting Assistant Director for National Security Programs, Bureau of Industry and Security
US Department of Commerce

Seth Bridge
Coordinator of Treasury’s Russian Elites, Proxies, and Oligarchs (REPO) Task Force
US Department of the Treasury

David Lim
Deputy Director, Task Force KleptoCapture (TFKC)
US Department of Justice

Moderator

Kimberly Donovan
Director of the Economic Statecraft Initiative, GeoEconomics Center
Atlantic Council

At the intersection of economics, finance, and foreign policy, the GeoEconomics Center is a translation hub with the goal of helping shape a better global economic future.

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