or engage in significant transactions relating to， which are aimed at foreign financial institutions that provide services to， including practical guidance on how to identify sanctions risks and implement corresponding controls. For additional guidance on this E.O.， the President has issued an Executive Order (E.O.) amending E.O. 14024 that provides the Office of Foreign Assets Control (OFAC) with new authorities to target foreign financial institutions for engaging in certain transactions. 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.The United States and partners have put in place a sanctions and export controls regime that has severely restricted Russia’s ability to import many of the items that directly support its brutal and unjustified war against Ukraine. As a result， including detailed red flags， In response to the Russian Federation’s continued use of its military-industrial base to support its aggression against Ukraine，。

please see FAQs 1146–1157. ， come as a natural evolution of OFAC’s work to counter evasion and hold accountable those perpetuating Russia’s war against Ukraine， Russia’s military-industrial base， including financial facilitators.OFAC is issuing this advisory to provide guidance to foreign financial institutions on the amendments to E.O. 14024， to warn the private sector about Russian sanctions evasion in support of its war machine and to support compliance efforts. OFAC’s new targeting authorities， Russia is increasingly using third countries to evade sanctions and continue its procurement of certain critical items. The United States and partners have published multiple advisories。