"Today, the US Department of the Treasury is moving against Russian efforts to evade US sanctions. This action targets a sanctions evasion scheme established between actors in Russia and the People's Republic of China (PRC) to facilitate cross-border payments for sensitive goods. In addition, Treasury is designating a Kyrgyz Republic-based financial institution that coordinated with Russian officials and a US-designated bank to implement a sanctions evasion scheme."
"Treasury is also reinforcing the grave risks foreign persons face in continuing to work with Russia's military-industrial complex by re-designating pursuant to Executive Order (EO) 13662 almost 100 entities already designated pursuant to EO 14024. As a result of these entities' designation pursuant to EO 13662, foreign persons, including foreign financial institutions, that knowingly facilitate significant transactions for or on behalf of any of these entities could be subject to mandatory secondary sanctions under the Ukraine-/Russia-related sanctions program," says the Treasury Department in what's likely to be the last such announcement we'll see for quite a while.