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German lender: $10bn of 'suspicious' Russia transactions? (Photo: Bjoern Laczay)

US spotlights EU-Russia sanctions compliance

US authorities have designated dozens of people and entities over Russia “sanctions evasion,” putting a spotlight on EU compliance.

John E. Smith, the head of the Department of Treasury’s Office of Foreign Assets Control, said on Tuesday (22 December) “By … thwarting attempts to evade sanctions¸ we are once again demonstrating the United States’ unwavering resolve to pressure Russia to respect the security and sovereignty of Ukraine.”

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