US Sanctions Russian Business Group

The Treasury Department targeted a major Russian business association for sanctions, along with prominent members of Russia’s financial elite, as well as a Russian business association.

The Russian Association of Employers the Russian Union of Industrialists and Entrepreneurs is a Russia-based organization involved in the technology sector of the Russian Federation economy.

RSPP has a variety of coordinating councils, including ones that promote import substitution, technology independence and technology development. It has also been involved in activities related to Russia’s responses to sanctions imposed on Putin’s regime since Russia’s full-scale invasion of Ukraine, according to Treasury.

The RSPP was designated for operating or having operated in the technology sector of the Russian Federation economy.