The DoT also banned US citizens and companies from doing business with Mostotrest Company, which is currently building a 19 km road-and-rail bridge across the Kerch Strait to Crimea.
“The action demonstrates Treasury’s steadfast commitment to maintain sanctions until Russia fully implements its commitments under the Minsk agreements, including a comprehensive cease fire,” the Treasury Department said in a statement.
“Frankly speaking I don’t believe [the Americans] are serious about toughening these sanctions simply because this hurts them too, especially the Europeans. I think they will be watching their step here and will try to figure out who is to blame for the non-implementation of the Minsk accords,” Alexei Devyatov said.
He added that it was highly unlikely that Russia’s corporate sector will suffer as only a fraction of Russian companies feature on the US sanctions list.