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US sanctions Russians over Crimea business dealings

AFP  |  Washington 

The on Thursday announced sanctions against three people and nine entities over Russia's intervention in Ukraine, including for doing business in annexed

The sanctions will freeze any US-based assets and ban any financial transactions with the targets, who include Vladimir Zaritsky, the former commander-in-chief of Russia's missile forces and artillery who is leading a hotel project in

The Treasury Department "remains committed to targeting Russian-backed entities that seek to profit from Russia's illegal annexation and occupation of Crimea," said Sigal Mandelker, the Treasury under

"Our sanctions are a clear reminder that efforts seeking to normalize investment and economic relationships with those operating in will not be tolerated and are subject to and EU sanctions authorities," she said in a statement.

In 2014, annexed Crimea, the peninsula whose population is largely ethnically Russian but was part of Ukraine, as part of a struggle to keep from falling into the Western orbit.

Western powers were effectively powerless to stop the annexation but have vowed never to recognize the move.

The also sanctioned Zaritsky's firm for buying three hotels in Crimea that had been owned by the state and were taken over after the annexation.

Also under the new sanctions is the Mriya Resort and Spa, a that opened in the resort of Yalta shortly after the annexation and which the Treasury Department called "the main Russian platform for showcasing investment opportunities in Crimea."

The hotel's website says that it includes a medical center and is designed based on a concept of British Norman Foster, who built

The Treasury Department also imposed sanctions on two people over alleged human rights abuses related to Russia's role in

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, November 09 2018. 01:15 IST