The US imposed sanctions against the Moscow Exchange, LNG projects, and IT.

On June 12, the United States expanded sanctions against Russia, introducing more than 300 new restrictions, the US Treasury Department announced .

The restrictions apply to the Moscow Exchange, the National Clearing Centre (NCC), and the National Settlement Depository (NSD).

Washington believes that the Russian government's capital-raising measures against the Moscow Exchange expand opportunities for Russian and foreign citizens to "profit from the Kremlin's war machine by investing in Russian sovereign debt, Russian corporations, and leading Russian defense enterprises." The National Clearing Center acts as a counterparty in all currency transactions on the Moscow Exchange.

The Moscow Exchange announced that, starting June 13, it will resume trading on the foreign exchange and precious metals markets for all instruments, except for currency pairs against the DOLLAR and euro. Trading on the stock and money markets and the standardized derivatives market will be conducted for all instruments, except for those settled in US dollars and euros. Trading on the derivatives market will continue as usual.

The Central Bank emphasized that it is suspending exchange trading only in dollars and euros; transactions with these currencies will continue to be conducted on the over-the-counter market.

"To determine the official exchange rates of the US dollar and euro against the ruble, the Bank of Russia will use bank reports and information received from digital over-the-counter trading platforms. <...> Companies and individuals can continue to buy and sell US dollars and euros through Russian banks," the Central Bank clarified.

Effective September 12, the United States will ban the provision of certain software and IT services. The US Treasury Department, together with the State Department, issued a special regulation that includes the following restrictions:

• It is prohibited to provide project services and IT consulting services to any person in Russia;
• It is prohibited to supply cloud technologies and IT support services for enterprise management, as well as software for design and production.

The following enterprises were subject to US sanctions: Arctic LNG 1 and Arctic LNG 3, Murmansk LNG, Gazprom Invest, Rusgazdobycha, Murmansk-Transgaz, and Ob Gas Chemical Complex LLC.

Washington has stated that it intends to limit Russia's energy revenues and hinder the development of Russian energy projects.

• Goznak and its CEO Arkady Trachuk.
• Russian National Reinsurance Company (RNRC).
• Insurance company SOGAZ.
• Holding "Sinara - Transport Machines".
• Bank "Tochka".
• Coal mining company "Elgaugol".
• Polymetallic holding "Seligdar" and "Rusolovo".
• Amur Metallurgical Plant.
• Turbine plant "Kirov Energomash".
• Uralvagonzavod.
• Kirov plant "Mayak".
• NPO "Strela", NPO "Iskra".
• Drone manufacturers "Unmanned Systems", SR Space.
• Children and Youth Movement "Movement of the First".
• HEAD of the Yunarmiya Nikita Nagorny.
• Head of Gagauzia Eugenia Gutsul.

The US also updated information on sanctioned Russian financial institutions, adding the addresses and names of their foreign branches.

SOGAZ stated that US sanctions will not impact the insurance group's operations and that its obligations to clients will be fulfilled.

Tochka Bank reported that it continues to provide most services, and cross-border payments in rubles are processed freely. "We continue to provide most services, the security of funds is not at risk, and Tochka's license is stable. In the coming days, we expect information from foreign correspondent banks regarding the possibility of continuing foreign currency settlements," the company stated.

"The fact that we're on the sanctions list won't affect us in any way, either now or in the long term, because we initially assumed this was a possibility and built our processes independently of American investment, the American market, or American technology," SR Space CEO Oleg Mansurov told RBC.

Washington has warned that it has increased the risk of secondary sanctions against foreign financial institutions that provide assistance to the Russian defense industry. President Joe Biden signed an executive order authorizing the US Treasury to impose sanctions on foreign banks for facilitating transactions for sanctioned Russian entities or for facilitating the supply of certain materials and equipment to the Russian defense industry in December 2023. Now, the US Treasury has "expanded the definition" of the Russian military-industrial base to include all entities subject to restrictions under Executive Order 14024.

The US has imposed restrictions on networks and chains that Washington claims are helping Russia evade sanctions. These include companies and individuals from Belarus, Bulgaria, Kazakhstan, CHINA , Kyrgyzstan, Serbia, South Africa, Turkey, the UAE, and the British Virgin Islands.

The sanctions list includes seven Chinese organizations and several Belarusian ones, which, according to the State Department, "support Russia's military efforts." Restrictions have been imposed on companies from the UAE, Turkey, Moldova, Kyrgyzstan, and Singapore for the alleged supply of dual-use goods.