The United States expands its sanctions network, and many Russian tire industry and supply chain entities are on the list

On November 27, recently, the U.S. Treasury Department announced severe sanctions on well-known Russian tire manufacturer JSC Cordiant and 274 other individuals and entities involved in providing military assistance to Russia. The operation aims to crack down on a complex network of sanctions evasion across many countries, involving India, China, Switzerland, Thailand and Turkey and other countries and regions.

According to the U.S. Treasury Department, the sanctions focus on entities that are trying to circumvent international restrictions and continue to channel resources to Russia's military industry. Among them, JSC Cordiant not only produces various tire products, but also directly serves Russia's military industrial system, becoming a prominent member on the sanctions list. At the same time, another Russian company, the Yaroslavsky Experimental Machines Plant, was also sanctioned for developing and supplying key equipment for the tire retreading field, especially for its business dealings with the Russian Ministry of Defense and a number of entities that have been subject to U.S. sanctions.

According to the Carbon Black Industry Network, the sanctions list also includes Kauchuka Company, which supplies synthetic rubber to the Russian shipbuilding industry. The company has received special attention from the U.S. government for its key role in the supply chain. In addition, Indian company Shreegee Impex was also not spared because it publicly stated that it supplies Russian manufacturers and explicitly listed truck giant Kamaz, which is subject to U.S. sanctions, as its service target. The U.S. Department of Transportation pointed out that Shreegee has delivered a large number of sensitive dual-use materials to Russia, including aviation parts, car drive belts and a variety of rubber products, further exacerbating the seriousness of its violations.