Cypriot Entities Removed from US Sanctions List

Individuals and legal entities associated with Cyprus were removed from the updated list of the Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury on Monday.

These entities had been listed by OFAC due to their connection with sanctions imposed on Russia. Specifically, five individuals and three legal entities linked to one of the individuals were removed. Two of the three legal entities have addresses in Cyprus.

All entities were designated as posing a “risk of secondary sanctions” and were linked to Executive Order 14024 concerning Russia.

Specifically, D.S., with addresses in Limassol and Monaco, was removed due to his connection with Alisher Burhanovich Usmanov. Also removed were Omnia Services Cyprus and Hightrail Ltd, with addresses in Limassol, and Omnia Antibes, with an address in France.

Additionally, K.A. and A.K.V. were removed due to their connection with Windfel Properties Ltd, Savoler Development Ltd, and Miramonte Investments Ltd. Finally, K.G. and M.G. were removed due to their connection with Almenor Holdings Ltd.