The US imposed sanctions on Alisher Usmanov’s USM Holding and its affiliated companies, including Akhangarancement, Digital Invest, which holds a stake in Ucell and operates a labelling system in Uzbekistan. Additionally, several Uzbek citizens and natives have been subjected to these sanctions.
The US Treasury Department has sanctioned Uzbekistan’s Akhangarancement JSC and Alisher Usmanov-linked Akkermann Cement CA over concerns of potential sanction circumvention. The Office of Foreign Assets Control (OFAC) issued a license to wind down transactions with these companies until July 11.
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