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Hong kong cruise and yacht association exits as only two ships arrive, lagging behind singapore’s 21 vessels.

20th July 2024 – (Hong Kong) The Hong Kong Cruise and Yacht Industry Association, once a pivotal entity in managing Kai Tak Cruise Terminal’s market events and crew recruitment for international liners, has officially relocated its registry to Singapore.

This summer, a mere two cruise ships are scheduled to dock in Hong Kong, significantly fewer compared to Singapore’s 21 vessels expected from 19th July to 30th August. Over the next three months, Singapore will host a total of 47 cruise ships at the Marina Bay Cruise Centre, indicating a robust rebound in its maritime hospitality sector. This includes 85% occupancy by Resorts World Cruises’ vessels like Resorts World Dream, primarily navigating Southeast Asia with Singapore as its home port.

Meanwhile, Hong Kong’s Kai Tak Cruise Terminal appears underutilised with only 12 ships expected between now and 18th October. This discrepancy highlights a concerning trend for Hong Kong, which has seen a 74.4% lower cruise ship arrival rate compared to Singapore.

The decline in cruise traffic can be attributed to the territory’s slow recovery in the tourism sector post-pandemic and a perceived lack of proactive engagement with cruise operators. Freddy Yip, chairman of Goldjoy Holidays, expressed disappointment over the city’s cruise traffic during the peak season of July and August, emphasizing that cruise planning often requires a year’s advance, reflecting past efforts—or the lack thereof.

Timothy Chui Ting-pong, executive director of the Hong Kong Tourism Association, however, offers a different perspective. He notes that despite the quiet season, there has been a steady demand for shuttle services from travel agencies to transport cruise passengers to and from the city. Chui suggests that the low number of cruise visits during the typhoon-prone months of July and August is understandable and aligns with the cruise lines’ preference for Northeast Asian routes during this period.

Moreover, Chui highlights that according to government data, the cruise sector in Hong Kong has regained 70% of its pre-pandemic levels, which he views as a significant achievement given the city’s status as one of the last major global destinations to reopen its borders to international tourists.

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Hong Kong to open first Superyacht Management Services Center

BY APB Staff on 21 Mar 2019

HKCYIA partners with China Merchants Industry Holdings to establish the centre for yacht refit, repair, and maintenance services in Tsing Yi

Hong Kong Cruise and Yacht Industry Association (HKCYIA) has reached a partnership agreement with the China Merchants Industry Holdings Co. Ltd for the establishment of the Hong Kong’s first Superyacht Management Services Center in Tsing Yi.

Located at the Yiu Lian and Euroasia Dockyards, the centre will provide world-class support services for superyachts over 45 metres, including refit, repair and maintenance services.

Speaking at the signing ceremony witnessed by lawyers of Stephenson Harwood, Kara Yeung, HKCYIA Executive Director said “the establishment of a yacht management services center specifically designed for superyachts has marked a major milestone in the development of the yacht industry in Hong Kong. As yachts are becoming bigger in recent years, the demand for quality superyacht management services is on the rise. However, existing facilities in Hong Kong are lagging behind, leaving much room for development in this field.”

“Currently the majority of maritime business in Hong Kong is taken up by commercial and cargo ships, with the repair and maintenance systems mainly designed for these categories. However, yacht management and maintenance is another service segment which the current system does not cater to,” She said.

Yeung remarked that the move is in line with China’s plan to develop the maritime economy. According to the Outline of the 13th Five-Year Plan for the National Economic and Social Development of China, the maritime economy grew by 7.5 per cent annually on average in the past five years, reaching 7.8 trillion yuan in 2017. Beijing expects the maritime industry to be worth 10 trillion yuan by 2020 and account for around 15 percent of its GDP by 2035.

As Hong Kong is expected to be a “super connector” in the implementation of the Belt and Road Initiative and of the strategy to build a 21st century maritime Silk Road, the enhancing of multilateral maritime co-operations and fostering of world-class marine industrial clusters in the Greater Bay Area will be of special significance for Hong Kong.

Yeung says the HKCYIA Superyacht Management Services Center is set up in response to this national strategy, as it will provide a transit point for superyachts to obtain supplies and fuel when they travel to other destinations in Asia. Not only will more superyachts come to Hong Kong, helping promote tourism, but more foreign investors are also expected to come and develop the related businesses.

According to Yeung, the HKCYIA Superyacht Management Services Center will collaborate with international yacht brands and top yacht management companies in providing world-class supporting services, including repair and maintenance, audit and survey, bunkering services, crew administration, logistics support, etc. Exclusive onshore tours with tailor-made itineraries can also be provided for ship owners and their crew. 

HKCYIA will also join hands with the Maritime Services Training Institute (MSTI) and RINA Services S.p.A. to develop a superyacht management course, providing hands-on training to young people interested in pursuing careers in the yacht industry.

Yeung says this programme will be the first of its kind, and the collaboration with RINA will provide training that meets international standards. “Nurturing the next generation is important for the long-term development of the high-end maritime economy. The Superyacht Management Services Center will provide the perfect environment for youngsters to learn the necessary skills from industry practitioners.” 

Since last year, HKCYIA has been working closely with the relevant associations and organisations, with the plans to develop the yacht industry in China. A memorandum of understanding was signed between the association and the Asia Pacific Superyacht Association (APSA); Taiwan Yachts Industry Association (TYIA); Shenzhen Boating Industry Association (BIA); Zhuhai Ocean Association; Yacht Industry Development Association of Fujian; Hainan Cruise and Yacht Association and Sanya Yachting Association (SYA) to provide the foundation for future co-operations.

HKCYIA will also participate in the Singapore Yacht Show in April and the Versilia Yachting Rendez-vous in Viareggio in May in meetings with industry experts to seek further co-operations. Yeung has been invited as a guest speaker of the Asia Pacific Superyacht Conference 2019 to share her insights on the development of yacht industry in Hong Kong.

www.hkcyia.org

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• About the Organiser

Ms Kara Yueng Tsz Ching, a 13-year veteran of the cruise industry in Hong Kong and Mainland China, is well versed in the maritime industry and policies in China and Hong Kong. She advocates enhancing the economic synergy amongst the merchant marine, cruise and yacht sectors of the maritime industry, and is committed to collaborating in-depth cooperation and exchanges amongst cities in the Greater Bay Area of Southern China, Hainan and the European Yacht Industry Association.

• Committee Member of Council of China Cruise Development Experts
• Executive Director of Hong Kong Cruise & Yacht Industry Association
• Deputy Executive Director of Hong Kong Cruise and Yacht Industry Charitable Foundation
• Member of Hong Kong Shipowners Association

Hong Kong Yacht Show

2020-11-19 – 2020-11-22

The Hong Kong Cruise & Yacht Industry Association, together with Verventia Pte Ltd, organisers of Singapore and Thailand Yacht Shows, have joined forces to launch the Hong Kong Yacht Show – bringing a new international showcase to Asia’s most mature yachting market. Held at the Kai Tak Runway Park Promenade from 19 - 22 November 2020, the Hong Kong Yacht Show is geared towards the promotion and development of the yachting industry in the Guangdong - Hong Kong - Macao “Greater Bay Area”. Aside from the impressive yachts on display for interested buyers and charterers from right around the region, the Hong Kong Yacht Show will deliver a four-day celebration of the yachting lifestyle, with a wide range of interactive activities, ‘live’ demonstrations, luxury products, gala dinners and glamorous parties organised to maximise the experience for both exhibitors and visitors alike.

www.hkyachtshow.com

Location: Kai Tak Runway Park Promenade, Kwun Tong, Hong Kong

Superyachts China

The premier english-language site for the superyacht industry in china and se asia, news update for hong kong cruise and yacht industry association.

Here is Superyachts China news summary of what’s happened with HKCYIA over the past 5 months:

In May, the Hong Kong Cruise and Yacht Industry Association (HKCYIA) signed a Memorandum of Understanding (MOU) with Verventia Pte Ltd to help develop, organize and operate an annual Yachting Festival in Hong Kong under the auspices of the International Cruise & Yachting Festival (Hong Kong) (ICYFHK).

The International Cruise & Yachting Festival (Hong Kong) 2019 (ICYFHK 2019), is set to be held during the Hong Kong Maritime Week 2019 (HKMW 2019) between November 17 and 23, 2019.  The Festival aims at promoting the maritime tradition of Hong Kong, raising public awareness of the maritime and yachting industries and encouraging employment.

Verventia is a leading boat show organiser in Asia and has organised and managed the Singapore show for nine years and the Thailand show for four years.   At the signing ceremony, Yeung said, “Partnering with Verventia will undoubtedly buildup ICYFHK in the international yachting world to a crescendo in the coming years.”

To promote the sustainable development of the cruise and yachting industry in the China, Hong Kong and Macao markets, HKCYIA will arrange a series of activities including the “Guangdong – Hong Kong-Macau Greater Bay Area Maritime Commerce & Economic Development Expo” during the HKMW 2019. Representatives of cruise companies, international yacht brands, tour operators and government maritime bodies will be invited to exchange their insights on development trends, opportunities and prospects, she added.

The HKCYIA also announced earlier this year its plan to partner with the China Merchants Industry Holding Co., Ltd. to set up a Superyacht Management Services Centre in Tsing Yi, Hong Kong. that will provide world-class supporting services for superyachts of over 45-metres, including refit, repair and maintenance services.

Yeung added that the centre will work with international yacht brands and top management companies to provide a wide range of professional services, including repair and maintenance, audit and survey, bunkering services, crew administration, logistics support, etc. Exclusive onshore tours with tailor-made itinerary in the Area will also be provided.

In June, the HKCYIA signed a Memorandum of Understanding (MOU) with Voyager Risk Solutions Ltd to provide risk and insurance management for superyachts. Under the agreement, Voyager will provide professional risk management and insurance consultation services to the HKCYIA in the opening and operation of its upcoming Superyacht Management Services Centre. 

For more information:

http://www.hkcyia.org

International Cruise & Yachting Festival (Hong Kong) 2019

Hong Kong Maritime Week 2019

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The Hong Kong Cruise & Yacht Industry Association and Verventia Pte Ltd, organisers of Singapore and Thailand Yacht Shows, have joined forces to launch the Hong Kong Yacht Show - bringing a new international showcase to Asia’s most mature yachting market.

Kara Yeung and Andy Treadwell are joined by Benjamin Wong of Invest Hong Kong at a recent meeting to discuss HK Government support for the show and the yachting industry

The Hong Kong Cruise & Yacht Industry Association and Verventia Pte Ltd, organiser of Singapore and Thailand Yacht Shows (SYS and TYS), have today confirmed the launch of a new jointly-organised Hong Kong Yacht Show at the International Cruise and Yachting Festival (Hong Kong) 2020, which will take place at Kwun Tong Typhoon Shelter adjacent to the Kai Tak Runway Park Promenade from November 19-22, and annually thereafter.

An MOU committing to the partnership was signed at a press conference held during SYS 2019 last April, when Ms Kara Yeung, Chief Executive of HKCYIA, and Andy Treadwell, Verventia CEO, outlined the rationale behind the launch of the show in 2020.

The organisers’ objective is to promote and develop the yachting industry in Hong Kong and the Guangdong-Hong Kong-Macao Greater Bay Area (the Greater Bay Area). By common consent, this will bring prosperity and positive economic impact to local businesses and the supply chain throughout the China market, as well as positive international PR, inward investment, maritime education and protection of the oceans to support the Hong Kong yacht industry, together with the creation of employment.

Ms. Yeung said today: “Hong Kong has by far one of the biggest potential markets in Asia. We are delighted to bring the Verventia organising team into this joint venture, as planned last year, because they are experienced Yacht Show organisers who have made a remarkable success of the Singapore show over the last seven years. We look forward to a long and fruitful collaboration which will boost the local and global yachting industries, as well as bringing new business, jobs and prosperity to local service, supply and hospitality industries.”

Treadwell added: “What Kara has achieved in the last couple of years to get this project off the ground is fantastic. Neither we nor our fellow industry practitioners could have done this without the HKCYIA. We can, however, bring in international players, and we know how to promote the show to potential buyers, so in that sense it’s a perfect partnership that we hope to develop steadily over the next few years.”

The Yacht Show and the festival will officially be launched at a special event for the Hong Kong Yacht Industry at the Hong Kong Convention and Exhibition Centre, provisionally to be held on April 23 - details will be announced shortly.

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HKCYIA and VTC sign MoU to nurture cruise and yacht industry professionals in Hong Kong

Contributors are not employed, compensated or governed by TDM, opinions and statements are from the contributor directly

In view of the growing demand for talent in the fast-expanding global cruise and yacht industry, Hong Kong Cruise & Yacht Industry Association (HKCYIA) and the Vocational Training Council (VTC) signed a Memorandum of Understanding (MoU) for nurturing professionals for the industry.

The MoU signing between Kara Yeung, HKCYIA executive director, and Mak Chiu-ki, director of Maritime Services Training Institute, was witnessed by invited guests including Dr Bernard Chan, under secretary for commerce and economic development, as the Guest of Honour. Jeff Bent, managing director of Worldwide Cruise Terminals, Dr Eric Liu, VTC deputy executive director, Shiu Chi-yung, VTC academic airector (engineering discipline), Zheng Wei-hang, executive vice president and secretary general of China Cruise & Yacht Industry Association, and Professor Gary Cheng, secretary general of Shanghai Maritime University Asia Cruise Academy.

Dr Liu said: “VTC is keen to provide flexible study pathways and promote lifelong learning so as to equip people in pursuing further career development and advancement. In line with the Government’s direction to develop Hong Kong as a premier maritime services hub in the region and to meet the industry’s needs, VTC would partner with Hong Kong Cruise & Yacht Industry Association to groom a new generation of professionals”.

“Guangzhou-Shenzhen-Hong Kong Express Rail Link and the Hong Kong-Zhuhai-Macau Bridge are expected to boost cruise and yacht travels”

Kara Yeung said, “The Hong Kong Section of the Guangzhou-Shenzhen-Hong Kong Express Rail Link and the Hong Kong-Zhuhai-Macau Bridge are expected to help boost cruise and yacht travels as well as economic development. The collaboration between HKCYIA and VTC is aimed at advancing the long-term development of the Hong Kong cruise and yacht industry through promoting youth training for careers in the industry.”

With a view to equipping students with the requisite knowledge and skills for a successful career in the cruise and yacht industry, the collaboration would enable students to explore the different pathways for further advancements in the sector.

HKCYIA  is committed to fostering co-operations between local and global cruise communities. It  recognises the importance of cultivating young talents through providing professional training and recruitment services to  promote careers in maritime services.

New deal as demand for super yacht management services in Hong Kong rises

Stage is set for Hong Kong’s first International Cruise and Yachting Festival

China tops two million cruise passengers

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About the show

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Organised by the Hong Kong Cruise & Yacht Industry Association , the Hong Kong Yacht Show will be a 4-day celebration of yachting lifestyle that combines an impressive in-water display of luxury yachts and superyachts with a wide range of interactive activities.

Geared to promote and develop yachting culture in Hong Kong and the Greater Bay Area, the Hong Kong Yacht Show has been created as a platform to maximise the onboard experience of exhibitors and visitors alike, and showcase Asia’s most mature yacht industry to the world.

Get In Touch

Sponsoring or Exhibiting at the Hong Kong Yacht Show   [email protected]

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Ticket Registration The show is fully booked and we no longer accept registration. Thank you for your support and see you next year!

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HKCYIA partners MSTI to launch Diploma in Cruise Operations

June 6, 2019 Michael Grinter Port

The Hong Kong Cruise and Yacht Industry Association and the Maritime Services Training Institute have joined hands in organizing a new course – Diploma in Cruise Operations  – to meet with the increasing demand for professionals in the booming global cruise industry.

The six-month course is designed to equip students with knowledge and competences in cruise operations which fulfil the training requirements of the Hong Kong Marine Department and the STCW Code to serve on board luxurious cruise ships.

According to Kara Yeung, HKCYIA executive director, Hong Kong is one of Asia’s leading cruising hubs, where there are enormous career prospects for graduates with opportunities of working in different departments and positions on cruise ships, including front desks, program hosts and tour operators (cruise travels), etc. The seasonal nature of the cruise industry provides graduates with global eye-opening opportunities to visit different parts of the world, including popular cruise destinations in the Italy, Mediterranean, Australia, Shanghai and Japan.

DCO features extensive training on both ship and shore-based cruise operations taught by a veteran cruise industry practitioner and supported by leading international trainers, experienced operators and professionals of the industry. The course covers the mandatory STCW safety training for seafarers working onboard cruise ships, including personal survival techniques, first aid, security awareness, crisis and crowd management, human behavior, personal safety and social responsibilities, fire prevention, cruise operations and workplace practices.

Through HKCYIA’s affiliations with leading global cruise brands like MSC Cruises, Costa, AIDA, Royal Caribbean International, Princess Cruises, Norwegian, Disney Cruise Line etc., students can have direct access to the latest employment information and opportunities.

The course, which has been included in the Engineering Training Subsidy Scheme with reference EG423702P, is now open for application until July 13, 2019. The first class will commence on August 12, 2019. Although the tuition fee of this course is HK$22,000, successful ETSS applicants are eligible for a 60% tuition fee refund; thus the resultant fee is HK$8,800. For course and application details, please visit  www.hkcyia.org  or call 2180 0723.

On Saturday, 13 th  July 2019 (from 14:00 to 17:00 hours), HKCYIA will organize an info-day to provide visitors with more information on this course at Theatre 2 on the 1 st  Floor of the Hong Kong Productivity Council.

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U.S. Department of the Treasury

As russia feels effects of multilateral sanctions campaign, treasury takes further action against russia’s international supply chains.

One day ahead of Ukrainian Independence Day, Treasury continues implementation of G7 sanctions commitments in support of Ukraine

WASHINGTON — Building on the sanctions already imposed on Russia in response to its continued war of aggression against Ukraine, today the U.S. Department of the Treasury and the Department of State targeted nearly 400 individuals and entities both in Russia and outside its borders—including in Asia, Europe, and the Middle East—whose products and services enable Russia to sustain its war effort and evade sanctions. The United States government will continue to support Ukraine as it defends its independence and hold Russia accountable for its aggression.

“Russia has turned its economy into a tool in service of the Kremlin’s military industrial complex. Treasury’s actions today continue to implement the commitments made by President Biden and his G7 counterparts to disrupt Russia’s military-industrial base supply chains and payment channels,” said Deputy Secretary of the Treasury Wally Adeyemo. “Companies, financial institutions, and governments around the world need to ensure they are not supporting Russia’s military-industrial supply chains.”

Treasury is targeting numerous transnational networks, including those involved in procuring ammunition and military materiel for Russia, facilitating sanctions evasion for Russian oligarchs through offshore trust and corporate formation services, evading sanctions imposed on Russia’s cyber actors, laundering gold for a sanctioned Russian gold company, and supporting Russia’s military-industrial base by procuring sensitive and critical items such as advanced machine tools and electronic components. Today’s sanctions further limit Russia’s future revenue from metals and mining. Treasury is also targeting Russian financial technology companies that provide necessary software and IT solutions for Russia’s financial sector.

Treasury is aware of Russian efforts to facilitate sanctions evasion by opening new overseas branches and subsidiaries of Russian financial institutions. Foreign regulators and financial institutions should be cautious about any dealings with overseas branches or subsidiaries of Russian financial institutions, including efforts to open new branches or subsidiaries of Russian financial institutions that are not themselves sanctioned. Treasury has a range of tools available to respond to the establishment of new evasion channels.

The State Department is targeting entities and individuals involved in Russia’s future energy, metals, and mining production and exports; sanctions evasion; Russia’s military-industrial base, including armed unmanned aerial vehicle (UAV) production, Belarusian support for Russia’s war effort, and air logistics entities; additional subsidiaries of State Atomic Energy Corporation Rosatom; and malign actors involved in the attempted, forcible “re-education” of Ukraine’s children.

SANCTIONS EVASION, CIRCUMVENTION, AND BACKFILL

Consistent with commitments made by President Biden and G7 leaders, Treasury continues to target transnational networks that supply Russia with military materiel and sensitive dual-use goods like those included in the multilateral Common High Priority List , jointly developed by the United States, European Union, Japan, and the United Kingdom. Treasury is also targeting multiple networks that facilitate or enable illicit financial schemes and sanctions evasion on behalf of Russian revenue generators and oligarchs. Many of today’s designations were enabled or informed by extensive coordination with Treasury’s Financial Crimes Enforcement Network (FinCEN). Today’s action targets almost a dozen distinct networks, designating more than 100 individuals and entities across 16 jurisdictions, including the People’s Republic of China, Switzerland, Türkiye, and the United Arab Emirates.

For more information on these targets, please see Annex 1.

RUSSIA’S TECHNOLOGICAL BASE

Today, Treasury is targeting more than 60 Russia-based technology and defense companies that are critical for the sustainment and development of Russia’s defense industry, including entities involved in weapons development and modernization, automation and robotics, development and acquisition of dual-use electronics, digital surveillance, Internet of Things, and artificial intelligence. These sanctions target Russia’s defense industry while protecting the access by Russian citizens to crucial telecommunications and other digital technology.

For more information on these targets, please see Annex 2.

LIMITING RUSSIA’S STRATEGIC METALS AND MINING SECTOR

Guided by commitments made by President Biden and G7 leaders to reduce Russia’s revenues from metals, today Treasury is targeting entities involved in Russia’s metals and mining sector, including steel, iron, and coal mining firms and auxiliary firms that provide specialized services to Russian metals and mining companies.

For more information on these targets, please see Annex 3.

RUSSIAN FINANCIAL TECHNOLOGY

Today, OFAC is targeting Russian financial technology companies as a part of implementing G7 commitments to curtail Russia’s use of and access to the international financial system to further its war against Ukraine.

Atol is a Russian technology developer involved in services related to payments.

Centre of Financial Technologies Group (CFT)is one of the largest software companies in the Russian market. CFT provides an array of software products for banking and payment solutions for the Russian financial market.

Diasoft Ltd (Diasoft) is one of Russia’s largest developers and suppliers of information technology (IT) solutions for the financial sector.

Atol, CFT, and Diasoft were designated pursuant to E.O. 14024 for operating or having operated in the technology sector of the Russian Federation economy.

ANNEX 1: SANCTIONS EVASION, CIRCUMVENTION, AND BACKFILL

Ammunition procurement network.

Italian national Giulio Sfoglietti (Sfoglietti) has been involved in a procurement network involving a Türkiye facilitator to purchase more than $150 million worth of military equipment, ammunition, and ordnance for the Russian military from potential suppliers in Africa, Asia, the Caucasus, Central Asia, and Iran. Türkiye national Hayri Tahirbeyoglu (Tahirbeyoglu) is the Chairman of the Board of Directors of Türkiye-based ammunition, weapons, and military materiel company Taha Savunma Sanayi Ve Ticaret Anonim Sirketi (Taha Savunma) and has worked with Sfoglietti on the procurement of ammunition and weapons for likely Russian end-use. Sfoglietti has also worked to procure microelectronics and chips for Russia-based end-users.

Sfoglietti associate Russian national Marat Khanbalevich Gabitov (Gabitov) has worked with an employee of U.S.-designated Russian defense conglomerate State Corporation Rostec to procure microelectronics related to radio frequency (RF) equipment. Gabitov has also worked to procure microelectronics, unmanned aerial vehicles (UAVs), and other machinery and equipment for Russia-based end-users.

Sfoglietti was designated pursuant to E.O. 14024 for operating or having operated in the defense and related materiel and technology sectors of the Russian Federation economy. Tahirbeyoglu and Taha Savunma were designated pursuant to E.O. 14024 for operating or having operated in the defense and related materiel sector of the Russian Federation economy. Gabitov was designated pursuant to E.O. 14024 for operating or having operated in the technology sector of the Russian Federation economy.

Promtekh Supply Chain

U.S.-designated Russia-based Aktsionernoe Obshchestvo Promyshlennye Tekhnologii (Promtekh) has used a network of companies located in Türkiye, France, and Hong Kong to send high priority goods to Promtekh’s subsidiaries. Russia-based Aspectriym Limited Trade Development (Aspectriym) is a subsidiary of Promtekh and is a defense procurement firm involved in the wholesale of electronic equipment and parts.

France-based Industrial Technologies Group France (ITGF) is a sister firm of U.S.-designated Promtechcomplekt JSC , a subsidiary of Promtekh, and has worked with Aspectriym to procure foreign- and U.S.-made electronic components. Hong Kong-based Interasia Trading Group Limited (Interasia Trading) is the sole owner of ITGF. Russian national Igor Aleksandrovich Reutov (Reutov) is the Executive Director of ITGF. Reutov is also the owner of Estonia-based Free Sky Solutions OU (Free Sky) and the Managing Partner of France-based Aerialia . Aerialia was established in January 2024.

ITGF also created a Türkiye-based firm, Enutek Makina Sanayi ve Ticaret Limited Sirketi (Enutek). Enutek has made hundreds of shipments of technology, including high priority dual-use technology such as electronic integrated circuits and ceramic capacitors, to U.S.-designated Promtekh subsidiaries, including Promtech Ulyanovsk, Dubna Switching Equipment Plant, and Promtech Irkutsk . Enutek was established in December 2022.

Other foreign suppliers to Promtekh subsidiaries include:

• Türkiye-based Confienza Gida Pazarlama ve Ticaret Anonim Sirketi (Confienza) has sent over 200 shipments to Aspectriym, with shipments including high priority dual-use technology.
• Hong Kong-based Grun Group Co Limited (Grun Group) has sent shipments totaling over $3 million to U.S.-designated subsidiaries of Promtekh, including shipments with high priority dual-use technology.
• Hong Kong-based Hong Kong Yayang Trading Limited (Yayang Trading) has sent shipments totaling over $9 million to U.S.-designated Promtekh subsidiaries Dubna Switching Equipment Plant and Aspectriym, with shipments including high priority dual-use technology.
• Hong Kong-based Kira International Trade Co Limited (Kira International) is a partner of Aspectriym. Kira International has sent shipments totaling over $1.5 million to Aspectriym, with shipments including high priority dual-use technology.
• Hong Kong-based Most Development Limited (Most Development) has sent shipments totaling over $1 million to Aspectriym, with shipments including high priority dual-use technology.
• Hong Kong-based New Wally Target International Trade Co Limited (New Wally Target) has sent over $4 million worth of shipments to Aspectriym, with shipments including high priority dual-use technology.

Aspectriym, ITGF, Enutek, Interasia Trading, Reutov, Confienza, Grun Group, Yayang Trading, Kira International, Most Development, and New Wally Target were designated pursuant to E.O. 14024 for operating or having operated in the technology sector of the Russian Federation economy. Free Sky and Aerialia were designated pursuant to E.O. 14024 for being owned or controlled by, or having acted or purported to act for or on behalf of, directly or indirectly, Reutov.

Sanctions Evasion Through Switzerland and Liechtenstein Trust and Corporate Services Providers

Swiss national Anton Daniel Wyss (Wyss) is a major enabler of Russian cash flow in Switzerland and Liechtenstein and has used his Liechtenstein-based trust and corporate services provider (TCSP) Audax Consulting Trust Establishment (Audax) to obfuscate Russian beneficial ownership and investments into foreign ventures. Through their co-owned Liechtenstein-based company One Asset Management AG (One Asset), Wyss and his Austrian national associate Alexander Franz Josef Lins (Lins) provide asset management and reallocation services to sanctioned Russian nationals. Lins uses his own TCSP, Liechtenstein-based LMG Lighthouse Trust Reg (LMG), to facilitate sanctions evasion schemes for Russian clients. Audax, One Asset, and LMG are all located at the same address, and both Audax and LMG advertise their services in Russian-language brochures. Austrian national Stefan Anton Wolf (Wolf) is a director of Audax.

Wyss, Audax, LMG, and Lins were designated pursuant to E.O. 14024 for operating or having operated in the trust and corporate formation services sector of the Russian Federation economy. Wolf was designated pursuant to E.O. 14024 for being or having been a leader, official, senior executive officer, or member of the board of directors of Audax. One Asset was designated pursuant to E.O. 14024 for being owned or controlled by, or having acted or purported to act for or on behalf of, directly or indirectly, Wyss and Lins.

PRC-based Suppliers to Russia’s Military-Industrial Base

The following entities were designated pursuant to E.O. 14024 for operating or having operated in the technology sector of the Russian Federation economy:

• Hong Kong-based machinery distributor Smart Kit Technology Limited (Smart Kit) has shipped high priority items, including chip-making machinery, to Russian companies including Inzhiniring Grupp OOO (Inzhiniring Grupp). Inzhiniring Grupp imports industrial machinery and equipment into Russia and has supplied manufacturing equipment to Russian government-owned labs.
• Hong Kong-based Siliborn Technology Limited (Siliborn) is an electronic component distributor that has shipped high priority items, including electronic integrated circuits, to Russian companies, including U.S.-designated electronics company Staut Company Limited .
• Hong Kong and PRC-based YLH Electronics HK Co Limited has supplied high-priority goods, including electronic integrated circuits, to Russian company Zakrytoe Aktsionernoe Obshchestvo Nauchno Vnedrencheskoe Predpriyatie Bolid , a Russian manufacturer of sensors and security equipment.
• Hong Kong-based Hongkong Chip Line International Co has supplied high priority goods, including electronic integrated circuits, to U.S.-designated Russian microelectronics manufacturer Matriks Elektronika and Russian technology company Maveriks , another importer of high priority goods.
• Hong Kong-based Hengye Tech Limited has supplied high priority goods, including electronic integrated circuits, to Russian electronic components manufacturer Elektroradiokomponenty Severo Zapad .
• Hong Kong-based LL Electronic Limited has shipped electronic integrated circuits and multilayer ceramic capacitors to U.S.-designated Russian electronic component importer Limited Liability Company Kvazar .
• Hong Kong-based Allchips Limited has supplied high priority goods, including electronic integrated circuits, to Limited Liability Company Micropribor , a Russian wholesaler of electronic equipment.
• Hong Kong-based Fepood Electronics HK Co Limited has shipped electronic integrated circuits and multilayer ceramic capacitors to U.S.-designated Russian electronic components supplier LLC Spetselservis .
• Hong Kong-based Xin Quan Electronics Co Limited has made thousands of shipments of high priority goods, including electronic integrated circuits, to Russian company Snabinter , a Russian wholesaler of electronic equipment.
• PRC-based Jinhua Hairun Power Technology Co Ltd produces cutting machines, carburetors, and pistons and has made hundreds of shipments to Russia, including engine parts, transmissions, and gear components.
• Hong Kong-based Ace Era Co Limited (Ace Era) has shipped electronic integrated circuits, multilayer ceramic capacitors, and tantalum capacitors to U.S.-designated Russian electronic equipment wholesaler Streloi Ekommerts . Ace Era has sent over $3 million worth of shipments to Streloi Ekommerts.
• Hong Kong-based Shenzhen Royo Technology Co Limited and PRC-based Qingdao Hehuixin International Trade Co Ltd have shipped technologies to U.S.-designated Russian defense company Limited Liability Company Drake , which is contracted to receive UAV parts, components, and materials from Iran for use in Iranian-designed, Russian-manufactured UAVs.
• Hong Kong-based HK Cinty Co Limited (HK Cinty) has shipped electronic integrated circuits, multilayer ceramic capacitors, and electrical parts of machinery to Russia-based end-users. HK Cinty has sent over $2 million worth of goods to Russia-based end-users, with shipments including high priority goods. HK Cinty was established in July 2022.
• PRC-based Foshan Golden Age Motor Technology Co., Ltd. supplies technology, including electric drives and servo motors, to Russia-based Limited Liability Company Mekhatronika , a computer numerical control technology developer and importer of integrated circuits.
• Hong Kong-based Asia Material Solutions Company Limited (Asia Material) has shipped electronic integrated circuits to Russia-based end-users. Asia Material has sent shipments worth just under $1,000,000 to Russia-based end users. Asia Material has been identified as a cover company for Russian intelligence.

Fighter Jet Supply Network

Russia-based Exiton has imported foreign electronic components into Russia and supplies U.S.-designated Russian company Joint Stock Company Experimental Design Bureau named after A.S. Yakovlev , a manufacturer involved in the production of Sukhoi fighter jets. Russia-based Limited Liability Company Eksiton (Eksiton) imports high priority goods, including electronic integrated circuits. Hungary-based Matrix Metal Group Korlatolt Felelossegu Tarsasag Felszamolas Alatt (Matrix Metal) has supplied high priority goods, including electronic integrated circuits, to Eksiton. Additionally, Russia-based military contractor and developer of anti-aircraft systems Aktsionernoe Obshchestvo Displei Komponent (Displei Komponent) has received regular shipments of electronic components from both Matrix Metal and Cyprus-based Noratec Holdings Ltd .

Exiton, Eksiton, Matrix Metal, Displei Komponent, and Noratec Holdings Ltd were designated pursuant to E.O. 14024 for operating or having operated in the technology sector of the Russian Federation economy.

Alexandre Orloff

Swiss-Russian national Alexandre Orloff (Orloff) has been working with a Russian government covert procurement network for years to acquire high-value, foreign-made semiconductor-related equipment and technology for Russian military end-users. Orloff has also been part of a scheme to acquire specialized thermal cameras for a Russian end-user.

Orloff owns and is the director and secretary of an eponymous United Kingdom-based company, Alexandre Orloff Ltd (AO Ltd). AO Ltd, in turn, owns Hong Kong-based Zvigeni Technological Systems Limited (Zvigeni) and Dougong Trading Hong Kong Limited (Dougong) and Canada-based 9105 2829 Quebec Inc . Orloff is also the founder and CEO of UAE-based Digital Marketing Awards FZ LLC (DMA).

PRC-based Shanghai Techinital Materials Co Ltd (Shanghai Techinital), a producer of components for semiconductor manufacturing equipment, has made dozens of shipments to U.S.-designated Joint Stock Company Scan (JSC Scan), including of high priority dual-use technology such as signal generators and oscilloscopes. JSC Scan designs microelectronics and has its own center for designing integrated circuits. Shanghai Techinital has open contracts to provide JSC Scan with technology, despite the latter’s designation. In 2023 alone, Zvigeni transmitted more than $1.5 million to Shanghai Techinital.

Orloff and Shanghai Techinital were designated pursuant to E.O. 14024 for operating or having operated in the technology sector of the Russian Federation economy. AO Ltd, Zvigeni, Dougong, 9105 2829 Quebec Inc, and DMA were designated pursuant to E.O. 14024 for being owned or controlled by, or having acted or purported to act for or on behalf of, directly or indirectly, Orloff.

Russian Evasion of Cyber Sanctions

In June 2018, the Department of the Treasury sanctioned a network of entities working at the behest of the Russian Federation and its military and intelligence units to increase Russia’s malicious cyber capabilities. Since that time, individuals associated with those entities, including Ilya Medvedovsky (Medvedovsky), Dmitriy Evdokimov (Evdokimov), Yevgeniya Klimina (Klimina), Dmitriy Chastuhin (Chastuhin), Taranjeet Kambo (Kambo), and Gleb Cherbov (Cherbov) have established, developed, and supported a complex network of technology companies to continue their work unimpeded. The front companies set up by these individuals, at times registered in the names of family members, operate primarily in the technology sector of the Russian Federation economy, with efforts being taken by individuals such as Chastuhin and Klimina, to establish a technology presence outside of Russia. Included in these companies is OOO Soft Plyus , a Russia-based firm that sells cyber security software and is formerly known as OOO Hexway, for whom Chastuhin has claimed to be the founder and CEO; Cloudrun LLC , a Russia-based company founded by Evdokimov that develops computer software; Didzhital Komplaens, OOO and Kiber Servis, OOO , both of which offer cyber security services and were founded by an individual believed to be related to Medvedovksy; Didzhital Sekyuriti Servisis, OOO ; and Machine Learning Labs S.R.O. , founded and owned by Klimina. Medvedovsky, alongside Chastuhin, Cherbov, and Klimina, have been involved in decision making related to the operation of Soft Plyus and other related companies, whereas Kambo and Cherbov have worked together to service customers of Soft Plyus.

Medvedovsky, Klimina, OOO Soft Plyus, Cloudrun LLC, Didzhital Komplaens, OOO, Didzhital Sekyuriti Servisis, OOO, and Kiber Servis, OOO, were designated pursuant to E.O. 14024 for operating or having operated in the technology sector of the Russian Federation economy. Chastuhin was designated pursuant to E.O. 14024 for being or having been a leader, official, senior executive officer, or member of the board of directors of OOO Soft Plyus. Evdokimov was designated pursuant to E.O. 14024 for being or having been a leader, official, senior executive officer, or member of the board of directors of Cloudrun LLC. Cherbov and Kambo were designated pursuant to E.O. 14024 for having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services to or in support of, OOO Soft Plyus. Machine Learning Labs S.R.O. was designated pursuant to E.O. 14024 for being owned or controlled by, or having acted or purported to act for or on behalf of, directly or indirectly, Klimina.

Alikhanov Machine Tool Procurement

Italy-based machine tool manufacturer Fagima Fresatrici SPA (Fagima) has worked closely with U.S.-designated Russian procurement agent Dmitrii Vladimirovich Alikhanov (Alikhanov) to facilitate the shipment of Fagima-produced machines through various third-country intermediary companies for Russian defense end-users. Fagima’s owner and CEO Massimo Falchini (Falchini) and Fagima marketing executive Fulvio Salvadori (Salvadori) have helped fulfill orders for Alikhanov’s network and evade sanctions, including after Alikhanov’s designation in June 2024.

Fagima, Falchini, and Salvadori were designated pursuant to E.O. 14024 for operating or having operated in the manufacturing sector of the Russian Federation economy.

Illicit Russian Gold Trade

UAE-based, UK-sanctioned Paloma Precious DMCC (Paloma Precious) is a precious metals trading firm that has helped move Russian gold abroad. Paloma Precious and U.S.-designated Taube Precious HK Limited played a key role in numerous illicit Russian gold trading and laundering schemes, including with U.S.-designated Andrey Dmitriyevich Sudakov (Sudakov). Sudakov, an employee of U.S.-designated Russian gold producer Public Joint Stock Company Polyus , and his Hong Kong-based associate Mu Xiaolu (Mu), engaged in a complex, multi-layered laundering scheme whereby payments from the sale of Russian-origin gold were converted into fiat currency and cryptocurrencies through numerous UAE and Hong Kong-based front companies.

UAE-based Russian national Vladislav Faridovich Guzey (Guzey) has worked closely with Sudakov and Mu to launder proceeds of Russian-origin gold through UAE- and Hong-Kong based entities. As part of their effort to move Russia-origin gold, Sudakov and Mu utilized UAE-based front companies Shams Gold Trading FZE (Shams) and Swiss Luxury FZE (Swiss Luxury), and Hong Kong-based front companies Universal Gold Hong Kong Limited (Universal Gold) and Bright Universe International Limited (Bright Universe).

UAE-based Trio Jewells LLC (Trio) has made dozens of shipments of precious metal ingots to and from a Russia-based precious metals producer and processor.

Paloma Precious, Guzey, Shams, Swiss Luxury, Universal Gold, Bright Universe, and Trio were designated pursuant to E.O. 14024 for operating or having operated in the metals and mining sector of the Russian Federation economy.

Petrov Covert Procurement

Türkiye-based Whitestone Bilism Tic Ve Sanayi Ltd Sti (Whitestone) is owned by U.S.-designated Evgenii Stanislavich Petrov (Petrov) and has been used by Petrov to process payments for Petrov’s procurement activity for Russian end-users linked to Russia’s intelligence services. Petrov has acted as a covert procurement intermediary and has worked to obtain export-controlled foreign-made products on behalf of Russian-end-users. Whitestone was established in October 2023. Treasury also previously designated Türkiye-based MSO Lojistik Tic Ve Sanayi Ltd Sti for being owned or controlled by, or having acted or purported to act for or on behalf of, directly or indirectly, Petrov.

Whitestone was designated for being owned or controlled by, or having acted or purported to act for or on behalf of, directly or indirectly, Petrov, a person whose property and interest in property are blocked pursuant to E.O. 14024.

Russia-based machinery and spare parts provider Dalkos Co Ltd (Dalkos) has orchestrated a transnational sanctions evasion scheme to deceive foreign machinery manufacturers into inadvertently sending machine tools into Russia via third countries. Dalkos customers include Russian companies that produce drones, tanks, and air defense units. Dalkos co-owners Konstantin Svyatoslavovich Kalinov (Kalinov) and Aleksandr Aleksandrovich Pushkov (Pushkov) also own Estonia-based SPE OU , which Dalkos has used to acquire millions of dollars of goods.

Dalkos, Kalinov, and Pushkov were designated pursuant to E.O. 14024 for operating or having operated in the manufacturing sector of the Russian Federation economy. SPE OU was designated pursuant to E.O. 14024 for being owned or controlled by, or having acted or purported to act for or on behalf of, directly or indirectly, Kalinov and Pushkov.

Türkiye-based Manufacturing Equipment Suppliers

Türkiye-based Hidropark Hidrolik Pnomatik San Ve Tic Ltd Sti (Hidropark) sells hydraulic and pneumatic equipment and has supplied computer numerical control (CNC) machine tools and machining centers to Russian end-users. Hidropark has sent shipments totaling over $800,000 to Russia-based end-users, which is more than its reported annual revenue.

Turkiye-based Feva Dis Ticaret Limited Sirketi (Feva) has supplied CNC machine tools to Russian end-users. Feva has sent over 500 shipments to Russia-based end-users, with shipments including manufacturing equipment. U.S.-designated Russian firm Limited Liability Company AK Microtech sought to evade sanctions by purchasing goods through Feva. Feva was established in April 2022.

Hidropark and Feva were designated pursuant to E.O. 14024 for operating or having operated in the manufacturing sector of the Russian Federation economy.

Technopole Procurement Network

On December 22, 2022 , the U.S. Department of State designated Technopole Company (Technopole) and the P.P. Shirshov Institute of Oceanology of the Russian Academy of Sciences (Shirshov Institute) pursuant to E.O. 14024 for operating or having operated in the marine sector of the Russian Federation economy. Technopole produces a navigation system for the use of Russian military vessels and provides equipment for a variety of ocean exploration, oceanology, oceanography, and hydrography activities, among others. The Shirshov Institute is the largest Russian oceanology research center. The Shirshov Institute also develops remotely operated and autonomous robotic tools that support the surface and submarine forces of the Russian navy and other Russian government agencies. Russian national Alexander Petrovich Voronkov (Voronkov) has been the Director of Technopole since 2007 and is the 100 percent owner of the company. Russian national Viktor Georgiyevich Spiridonov (Spiridonov) is the Deputy Director of Technopole and is actively involved in Russian procurement of western-origin equipment.

Idronaut S.R.L. (Idronaut) is one of Technopole’s foreign partners and facilitates the procurement and sale of equipment, on behalf of Technopole and other Russian military end users, including the Shirshov Institute. Flavio Graziottin (Graziottin) owns Idronaut and has worked to circumvent U.S. and European Union sanctions through Idronaut to acquire equipment for Technopole.

Idronaut and PRC-based company Shanghai Oceanen Environmental Science and Technology Co. (Shanghai Oceanen) have worked to circumvent sanctions on Technopole and have procured equipment on Technopole's behalf. Shanghai Oceanen is the distributor for Idronaut in the PRC and has acted as a middleman to ship Idronaut’s equipment to Technopole and the Shirshov Institute. Shanghai Oceanen has historically assisted Technopole in procuring dual-use equipment for Russian end users. In early 2023, Shanghai Oceanen sent a shipment to Technopole containing surveying equipment, including hydrographic, oceanographic, hydrological, meteorological, or geophysical instruments and appliances. PRC national Liu Yang is the Technical Director for Shanghai Oceanen and uses the company to facilitate the procurement of foreign equipment.

Russia-based Technomar offers advanced measurement oceanographic and hydrographic equipment in the fields of oceanography and hydrology from the world's leading manufacturers.

Voronkov and Spiridonov were designated pursuant to E.O. 14024 for having acted or purported to act for or on behalf of, directly or indirectly, Technopole. Idronaut was designated pursuant to E.O.14024 for having materially assisted, sponsored, or provided financial, material, technological or other support for, or goods or services in support of, Technopole and the Shirshov Institute. Graziottin was designated pursuant to E.O. 14024 for having acted or purported to act for or on behalf of, directly or indirectly, Idronaut. Shanghai Oceanen was designated pursuant to E.O. 14024 for having materially assisted, sponsored, or provided financial, material, technological or other support for, or goods or services in support of, Technopole. Liu Yang was designated pursuant to E.O.14024 for having acted or purported to act for or on behalf of, directly or indirectly, Shanghai Oceanen. Technomar was designated pursuant to E.O. 14024 for operating or having operated in the marine sector of the Russian Federation economy.

ANNEX 2: RUSSIA’S DOMESTIC WAR ECONOMY

The following Russia-based persons were designated pursuant to E.O. 14024 for operating or having operated in the defense and related materiel sector of the Russian Federation economy:

• 46th Central Research and Development Institute of the Ministry of Defense (46th CRDI) is a Russian Ministry of Defense (MoD) research organization that develops systems to modernize Russia’s weapons. The 46th CRDI also studies electronic warfare and military applications of artificial intelligence.
• Federal State Governmental Institution 4 Central Research Institute of the Ministry of Defense of the Russian Federation (4CRI) is a Russian entity involved in the development and implementation of dual-use technologies in the creation of new types of weapons. 4CRI provides scientific and technical support for missile systems.
• Federal State Governmental Institution 27 Central Research Institute of the Ministry of Defense of the Russian Federation is a Russian MoD scientific research institute that conducts military scientific research, provides military scientific support for the creation of automated systems and complexes, and creates samples of military equipment.
• Joint Stock Company KT – Unmanned Systems (KT – Unmanned Systems) cooperates with the Russian MoD and U.S.-designated Federal Security Service (FSB). KT – Unmanned Systems supports software used for Russian weapons development.
• Joint Stock Company Special Design Bureau of the Russian Ministry of Defense develops unmanned robotic combat vehicles.
• Obshchestvo S Ogranichennoi Otvetstvennostyu Konstruktorskoe Byuro Vostok is the developer of the Scalpel UAV, which is used by Russian forces in Ukraine such as the Vostok Battalion. The Scalpel UAV is a one-way-attack platform that can be equipped with a payload weighing up to five kilograms.
• Prikladnye Tekhnologii has indicated a willingness to procure Chinese-origin engines with cruise missile applications for the Russian weapons sector.
• Tekhekspertiza AO has worked with the Russian weapons sector to arrange the purchase of engines with cruise missile applications.
• TRV Engineering JSC is the official authorized procurement agent for Russia’s U.S.-designated Tactical Missiles Corporation (KTRV) and its subordinate companies. TRV Engineering JSC receives a commission for goods supplied, work performed, and services provided to KTRV, its subordinates, and other members of Russia’s defense industrial base. TRV Engineering JSC has been directly involved with supplying products and services in support of Russian state defense orders, including providing machine tools to KTRV subordinates such as U.S.-designated State Machine-Building Design Bureau Raduga . TRV Engineering JSC’s General Director Mikhail Vladimirovich Kolesnikov was directly involved with fulfilling TRV Engineering JSC’s state defense orders and other procurements in the interest of companies in the Russian defense industrial base.

Russia-based electronic parts wholesaler LLC Semicor is a subsidiary of U.S.-designated LLC Laser Components (Laser Components). LLC Semicor has offered to supply engines on behalf of LLC Laser Components in support of Russian cruise missile development. LLC Semicor was designated pursuant to E.O. 14024 for having materially assisted, sponsored, or provided material, financial, or technological support for, or goods or services to or in support of, Laser Components.

The following Russia-based persons were designated pursuant to E.O. 14024 for operating or having operated in the technology sector of the Russian Federation economy:

• Aktsionernoe Obshchestvo Korporatsiya Galaktika develops digitalization platforms, including for U.S.-designated Russian defense giants Rostec and Uralvagonzavod .
• Aktsionernoe Obshchestvo Opytnoe Konstruktorskoe Byuro Eksiton is involved in experimental design work and research with the Russian MoD, including related to the assembly of microcircuits.
• Aktsionernoe Obshchestvo Zavod Rekond specializes in the production of electronic components, microcircuits, and semiconductor devices, particularly sensitive dual-use devices such as ceramic and tantalum capacitors.
• AO NPP SAIT (Sait), a producer of technology such as memory units, has received Russian state funding and is involved in the manufacture of computers and peripheral equipment. Sait works with U.S.-designated Russian defense entity Federal State Institution of Higher Vocational Education Moscow Institute of Physics and Technology , which has been recognized by the Russian MoD for developing technologies in the interest of Russia’s military.
• Autonomous Non Profit Organization Artificial Intelligence Research Institute conducts research in the field of artificial intelligence and has developed neural networks related to unmanned vehicles.
• Elprom Limited Liability Company supplies microcircuits and other electronic components, including to a Russian UAV producer.
• Federal State Budgetary Institution Technological Institution for Superhard and Novel Carbon Materials develops advanced manufacturing technologies and high-tech components used by several U.S.-designated Russian defense entities.
• Federal State Institution Federal Research Center Informatics and Management of the Russian Academy of Sciences (FRC CSC RAS) conducts research and development in the fields of computer science, informational technology, and systems analysis. A FRC CSC RAS researcher has developed mathematical modeling technology for analyzing financial flows for Russia’s military-industrial base.
• FGUP PO Oktyabr , one of the largest radio-electronics companies in Russia, produces radar systems.
• Joint Stock Company 31 State Design Institute for Special Construction (31 State Design Institute) designs complex antenna systems, radio equipment, radio electronic equipment, and facilities with network computer control systems, information security systems, and intrusion protection and detection systems. 31 State Design Institute has built central and command posts for the Russian MoD.
• Joint Stock Company Akmetron (Akmetron) develops and produces electronics and specialized software. Akmetron has procured dual-use technology for a Russian UAV producer.
• Joint Stock Company Aerocon develops manufacturing, design, and engineering software and aeronautic systems for fighter aircraft and designs UAVs.
• Joint Stock Company Research and Production Center NII Microdevices , a resident of U.S.-designated Joint Stock Company Special Economic Zone Technopolis Moscow , specializes in the development and production of light-technology products based on light-emitting diodes for nautical technology.
• Joint Stock Company Research Institute of Polymeric Material develops technologies and equipment for processing polymer materials.
• Katod manufactures electronic components and optical instruments, including night vision devices.
• Kribrum JSC develops hardware and software for monitoring social media and has signed a contract with the Russian Government’s main censorship body to automate internet monitoring.
• Kugel Limited Liability Company develops robotic solutions for welding.
• Limited Liability Company 4Test has imported high-priority items, including high-value electronics and manufacturing, production, and quality testing equipment for electronics components, circuit boards, and modules.
• Limited Liability Company Afinor supplies control-measurement equipment and software and has contracted with the Government of the Russian Federation for missile-related activities.
• Limited Liability Company Alfa Instruments imports and wholesales high priority goods, such as oscillographs and signals generators, including to the U.S.- designated Institute of Laser Physics of the Siberian Branch of the Russian Academy of Sciences .
• Limited Liability Company Eksikyushn Er Di Si (Execution RDC) operates in the field of enterprise automation. Execution RDC works with Russia’s main censor on a neural network that uses artificial intelligence to scan the Internet.
• Limited Liability Company ETM Photonics imports high priority goods, including integrated circuits, and a wholesaler of technology, including through Russian state procurement contracts.
• Limited Liability Company Khaverim wholesales electronic equipment and has imported high priority electronics, such as electronic integrated circuits, into Russia.
• Limited Liability Company Head Point provides an Internet of Things (IoT) platform that can be used by law enforcement and supports Russian government surveillance systems.
• Limited Liability Company Palitrumlab (Palitrumlab) develops machine-learning and linguistics algorithms and software that can be used to monitor social networks and social media. Palitrumlab is involved in Russian censorship activities.
• Limited Liability Company Vektor Iks (Vektor Iks) develops neural networks and algorithms that are used in Russian censorship activities.
• Limited Liability Company Intem Lab (InTheme) specializes in the digitalization of logistics processes. InTheme provides business process automation services to several U.S.-designated Russian entities.
• Limited Liability Company Green Chip supplies radio-electronic components for the development, production, and repair of industrial, special-purpose, and energy enterprises.
• Limited Liability Company Umnyi Sklad (IQSklad) provides logistics and warehouse automation solutions and develops its own technologies, including a hardware and software system for production and logistics processes. IQSklad has completed a project for U.S.-designated Russian defense company Concern Morinformsystem Agat Joint Stock Company , which specializes in the design and production of missile systems.
• Limited Liability Company Tsifra (Zyfra) develops and implements industrial digital solutions. The Zyfra Industrial IoT platform has been used by U.S.-designated military engine producer Joint Stock Company United Engine Corporation to monitor production and simulate testing for turbo jets for a combat-capable trainer aircraft.
• Limited Liability Company Dronoport , using the trade name “HIVE,” develops autonomous drone solutions for monitoring and has developed a neural network to analyze input data, including thermal imagery and special indicators.
• Limited Liability Company PT Elektronik is an electronics distributor that has supplied a Russian UAV producer.
• Limited Liability Company Simbirskoe Konstruktorskoe Byuro Piranya is a computer programming company that develops drones used by Russia’s military.
• Limited Liability Company Amitron Elektroniks produces military-certified coaxial radio components.
• Limited Liability Company Uraldronzavod is involved in computer programming activities and has developed a UAV used by the Russian MoD.  
• Limited Liability Company KB Rus manufactures electronic components and has created a drone helicopter that is planned for use by Russia’s military.
• Limited Liability Company NPK Tesart develops and manufactures technology, including radio-measurement systems, and its products are advertised on the website of U.S.-designated Scientific Equipment Group of Companies , a Russian company that provides high-tech equipment to industrial enterprises.
• Limited Liability Company Company Scan is a wholesaler of machinery and electronic equipment, including to the U.S.-designated Russian technology research institute Federal State Financed Institution of Science Physics and Technology Institute Named after A. F. Ioffe of the Russian Federation Academy of Sciences .
• Limited Liability Company TC Element is a wholesaler and technical services provider for machinery, computers, and analytical equipment, including spectrometers.
• Limited Liability Company Vector is a manufacturer of electronic components that imported millions of dollars’ worth of high priority electronics, including electronic integrated circuits.
• Nauchno Issledovatelskaya Laboratoriya Aerokosmicheskoi Tekhniki DOSAAF (DOSAAF) has a research laboratory for aerospace technology, and manufactures radar equipment, radio navigation devices, and remote-control radio apparatuses. DOSAAF has also contributed to a project led by U.S.-designated Russian defense entity JSC Academic M.F. Reshetnev Information Satellite Systems .
• Nauchno Proizvodstvennoe Predpriyatie Tomilinskii Elektronnyi Zavod manufactures microchips allegedly used in missile production.
• Nauchno Proizvodstvennoe Obyedinenie Gran manufactures robots and other robotized vehicles used by Russian assault teams in Ukraine and for remote-controlled minelaying.
• OJSC Vladimir Radio Communications Design Bureau develops software and hardware systems, as well as radio communication systems for the Russian MoD.
• Open Joint Stock Company MStator produces high-tech electromagnetic components, including inductors for the Russian MoD.
• Proteh Co Ltd (Proteh) modernizes production facilities in the radio-electronic and instrument-making industries. Proteh works with U.S.-designated Russian defense conglomerate Rostec and has helped the U.S.-designated Russian UAV producer Special Technology Center acquire foreign-made components.
• Radioline Ltd (Radioline) designs, develops, and produces positioning systems for industrial robots. Radioline has also made agreements to procure technology for U.S.-designated Russian UAV producer Special Technology Center.
• Research and Production Association Lepton manufactures remote sensing cameras and high-resolution telescope cameras that can provide military and intelligence collection capabilities.
• Russian Artificial Intelligence Research Institute of the Russian Academy of Sciences (RAIRI) develops systems related to artificial intelligence. A leading RAIRI researcher has presented on robotic systems at a Russian military forum.
• Scientific and Production Association State Institute of Applied Optics , a subsidiary of U.S.-designated Russian defense entity Joint Stock Company Shvabe , develops and produces advanced optoelectronic systems.
• Scientific Production Association Computing Systems manages IT infrastructure for the Russian MoD and the Russian Ministry of Internal Affairs.
• Scientific Research Institute for Optoelectronic Instrument Engineering (OIE) develops, creates, tests, and calibrates optoelectronic and laser devices. OIE has filed a patent related to defense technology.
• Scientific Research Center Resonance Joint Stock Company develops radar systems for the Russian MoD.
• Speech Technology Center Limited (STC) develops facial, voice, and biometric recognition software and systems. STC works with the FSB and Russian Ministry of Internal Affairs.
• STC Innovations Limited is an STC subsidiary that develops biometric and person-identifying technologies, including for government agencies.
• STC Soft Limited is an STC subsidiary that provides biometric search capabilities to Russian authorities.
• Sfera JSC (Sfera) develops software and facial recognition surveillance systems. The Russian Government has used Sfera surveillance systems to detain protestors.
• ZAO Svetlana EP develops microwave radiation-resistant semiconductor devices and technology for next-generation radar systems.

ANNEX 3: RUSSIA’S STRATEGIC METALS AND MINING SECTOR

The following Russia-based companies are involved in or provide services to Russia’s metals industry.

Russian metals and mining companies

The following Russia-based companies were designated pursuant to E.O. 14024 for operating or having operated in the metals and mining sector of the Russian Federation economy.

• Aktsionernoe Obshchestvo Evraz Kachkanarski Gorno Obogatitelny Kombinat mines iron and metal ores and non-metallic minerals.
• Aktsionernoe Obshchestvo Evraz Nizhnetagilski Metallurgicheski Kombinat (NTMK) is one of the largest integrated steel production plants in Russia. NTMK’s production and processing cycle includes coke production facilities, blast furnaces, steelmaking units, and seven rolling mills.
• Aktsionernoe Obshchestvo Evraz Obedinenny Zapadno Sibirski Metallurgicheski Kombinat is the largest steel producer in Siberia.
• Aktsionernoe Obshchestvo Evraz Vanadi Tula produces vanadium pentoxide that includes specific additive alloys for the manufacture of high-strength steel.
• Aktsionernoe Obshchestvo Obyedinennaya Ugolnaya Kompaniya Yuzhkuzbassugol is a bituminous coal and lignite surface mining company.
• AO Evraz Market is a leading provider of steel for infrastructure projects, and a trading company involved in the supply of rebar, and flat, tubular, and rolled steel.
• Limited Liability Company GRK Bystrinskoe is an ore mining and processing plant.
• Obshchestvo S OgranichennoI Otvetstvennostyu Raspadskaya Ugolnaya Kompaniya ’s activities include coal mining services, surface and underground coal mining, and the wholesale of coal, ores, and other minerals.
• Obshchestvo S Ogranichennoi Otvetstvennostyu Shakhta Alardinskaya develops coal mining sites and prepares, cleans, washes, screens, and sizes coal.
• Obshchestvo S Ogranichennoi Otvetstvennostyu Shakhta Esaulskaya ’s activities include coal mining services and the wholesale of coal, ore, and other minerals.
• Publichnoe Aktsionernoe Obshchestvo Raspadskaya (Raspadskaya) specializes in the production and sale of coking coal.

Russian metals and mining support services companies

Russia-based Aktsionernoe Obshchestvo Norilsk Avia (Norilsk Avia) provides helicopter transportation services. Norilsk Avia was designated pursuant to E.O. 14024 for operating or having operated in the aerospace sector of the Russian Federation economy.

The following Russia-based entities were designated pursuant to E.O. 14024 for operating or having operated in the financial services sector of the Russian Federation economy:

• Aktsionernoe Obshchestvo Norilski Gorno Metallurgicheski Kombinat Im AP Zavenyagina is involved in holding company and securities management.
• Obshchestvo S Ogranichennoi Otvetstvennostyu AP Invest (AP Invest) specializes in real estate transactions, particularly in secured lending and mortgage services. AP Invest has partnered with more than 20 banks.
• Obshchestvo S Ogranichennoi Otvetstvennostyu Evrazkholding Finans is engaged in financial intermediation, deposit banking, business credit, and financial transactions processing.

The following Russia-based entities were designated pursuant to E.O. 14024 for operating or having operated in the transportation sector of the Russian Federation economy:

• Aktsionernoe Obshchestvo Taimyrskaya Toplivnaya Kompaniya is engaged in the retail, sale, wholesale, storage, and transshipment of chemical products.
• Obshchestvo S Ogranichennoi Otvetstvennostyu Norilski Promyshlenny Transport is engaged in freight transport services, including general and specialized freight trucking.

The following Russia-based entities were designated pursuant to E.O. 14024 for operating or having operated in the technology sector of the Russian Federation economy:

• Limited Liability Company BaseAlt is involved in custom computer programing services, software development, and the creation of operating systems. BaseAlt entered into a technology agreement with a Russian metals and mining conglomerate to develop and promote domestic digital products, including the development of an operating system with built-in information security tools.
• Limited Liability Company Nornickel Sfera is engaged in critical information infrastructure security and software product publishing.
• Limited Liability Company Nornickel Sputnik is involved in IT design and operational activities that support digital transformation efforts.
• Serenity Cyber Security Limited Liability Company (MTS Red) is involved in computer programming, computer consultancy, and information security. MTS Red and a Russian metals and mining conglomerate signed a 2024 cooperation agreement on information security for the development of cybersecurity products and services for the industrial sector.

The following Russia-based entities were designated pursuant to E.O. 14024 for operating or having operated in the construction sector of the Russian Federation economy:

• Limited Liability Company Nornikel Technical Services constructs buildings, roads and highways, and engineering structures in Russia.
• Obshchestvo S Ogranichennoi Otvetstvennostyu Pechengskoe Stroitelnoe Obedinenie is involved in building construction and civil engineering works.
• Obshchestvo S Ogranichennoi Otvetstvennostyu Vostokgeologiya constructs, reconstructs, repairs, and maintains roads, railways, and road structures. It is also engaged in the construction, operation, and repair of limestone mining facilities.
• Obshchestvo S Ogranichennoi Otvetstvennostyu Zapolyarnaya Stroitelnaya Kompaniya specializes in the construction and reconstruction of underground facilities and surface mine infrastructure.

The following Russia-based entities were designated pursuant to E.O. 14024 for operating or having operated in the engineering sector of the Russian Federation economy:

• Obshchestvo S Ogranichennoi Otvetstvennostyu Institut Gipronikel provides general design services, customer engineering services, and field engineering services.
• Obshchestvo S Ogranichennoi Otvetstvennostyu NN conducts engineering surveys and engineering and technical design and provides construction project management, construction control and supervision, and technical advice.

The following Russia-based entities were designated pursuant to E.O. 14024 for operating or having operated in the manufacturing sector of the Russian Federation economy:

• Obshchestvo S Ogranichennoi Otvetstvennostyu Norilski Obespechivayushchi Kompleks manufactures metal structures and provides spare sparts and other equipment and products to enterprises engaged in mining, processing, metallurgy, construction, and maintenance.
• Obshchestvo S Ogranichennoi Otvetstvennostyu Norilsknikelremont provides repair and maintenance services for metallurgical and concentration plant equipment; mining equipment; automotive vehicles and rolling stock; self-propelled diesel equipment; and instrumentation and automation systems.

Russia-based Publichnoe Aktsionernoe Obschestvo Magnitogorskiy Metallurgicheskiy Kombinat (MMK) was designated pursuant to E.O. 14024 for operating or having operated in the metals and mining sector of the Russian Federation economy. MMK is the largest iron and steel works company in Russia and a leading steelmaker globally. OFAC previously designated MMK pursuant to E.O. 14024 for operating or having operated in the financial services sector of the Russian Federation economy.

SANCTIONS IMPLICATIONS

As a result of today’s action, all property and interests in property of the persons above that are in the United States or in the possession or control of U.S. persons are blocked and must be reported to OFAC. In addition, any entities that are owned, directly or indirectly, 50 percent or more by one or more blocked persons are also blocked. All transactions by U.S. persons or within (or transiting) the United States that involve any property or interests in property of designated or blocked persons are prohibited unless authorized by a general or specific license issued by OFAC, or exempt. These prohibitions include the making of any contribution or provision of funds, goods, or services by, to, or for the benefit of any blocked person and the receipt of any contribution or provision of funds, goods, or services from any such person. Non-U.S. persons are also prohibited from causing or conspiring to cause U.S. persons to wittingly or unwittingly violate U.S. sanctions, as well as from engaging in conduct that evades U.S. sanctions. OFAC’s Economic Sanctions Enforcement Guidelines provide more information regarding OFAC’s enforcement of U.S. sanctions, including the factors that OFAC generally considers when determining an appropriate response to an apparent violation.

In addition, foreign financial institutions that conduct or facilitate significant transactions or provide any service involving Russia’s military-industrial base run the risk of being sanctioned by OFAC. For additional guidance, please see the updated OFAC advisory , “Updated Guidance for Foreign Financial Institutions on OFAC Sanctions Authorities Targeting Support to Russia’s Military-Industrial Base,” as well as OFAC Frequently Asked Questions (FAQs) 1146-1157 .

The power and integrity of OFAC sanctions derive not only from OFAC’s ability to designate and add persons to the SDN List, but also from its willingness to remove persons from the SDN List consistent with the law. The ultimate goal of sanctions is not to punish, but to bring about a positive change in behavior. For information concerning the process for seeking removal from an OFAC list, including the SDN List, please refer to OFAC’s FAQ 897 here. For detailed information on the process to submit a request for removal from an OFAC sanctions list, please click here.

Any persons included on the SDN List pursuant to E.O. 14024 may be subject to additional export restrictions administered by the Department of Commerce, Bureau of Industry and Security (BIS).

For identifying information on the individuals and entities sanctioned today, click here .

香港郵輪及遊艇業協會位於啟德郵輪碼頭的辦事處提供場地及設施借用服務，適合舉辦講座、教學課程、會議及培訓。