Two Irish citizens have been listed on a new US Treasury Department sanctions list against 130 firms and individuals it alleges have conducted business operations with Russia.
Liam Eoin Fraher and Dermot O'Reilly, who both hold senior positions at ARX Financial Engineering Limited , a financial firm headquartered in Dubai, were named as Specially Designated Nationals in the list issued by the department's Office of Foreign Assets Control .
ARX Financial Engineering Limited has also been added as one of the sanctioned business entities on the list.According to OFAC's communique, issued on 2 November, this latest batch of sanctions"focus on individuals and entities abetting Russia’s unconscionable war against Ukraine by providing Russia with much-needed technology and equipment from third countries".
OFAC also alleges that ARX has been involved in identifying ways that Russian roubles could be sent from a sanctioned Russian bank named VTB, and converted to US dollars.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bonhams to hold its first ever Irish sale on Irish soil this monthWith 57 offices worldwide, Dublin is now the 15th global selling location for the 230-year-old auction house
Read more »
Two thirds of adults think Irish banks lack competitionwo thirds of adults in Ireland think the banking sector lacks competition, new research has found, while almost three quarters agree that the process of opening a new bank account is difficult.
Read more »
Majority prefer still trust banks over apps with their moneyMost Irish people prefer a traditional bank to a digital alternative, a survey has found.
Read more »
Teenager suffers organ failure after bite from tropical ant found in Irish homesRayanne Turner, 15, went into septic shock and was rushed to hospital after being bitten by a Pharaoh ant
Read more »
Government declines to comment on reports of Irish citizen being held by HamasSecret negotiations are believed to be ongoing to secure the hostage’s release, it has been claimed by Iranian media
Read more »