Security News > 2024 > June > US sanctions 12 Kaspersky Lab execs for working in Russian tech sector
The Treasury Department's Office of Foreign Assets Control has sanctioned twelve Kaspersky Lab executives for operating in the technology sector of Russia.
These sanctions came after the Biden administration announced yesterday the ban of sales and software updates for Kaspersky antivirus software in the USA, which started in July, over potential cybersecurity risks to national security.
The Department of Commerce designated AO Kaspersky Lab and OOO Kaspersky Group, and Kaspersky Labs Limited to the Entity List, preventing any US business from conducting business with them.
Today, OFAC announced sanctions on twelve Kaspersky Lab employees in leadership positions.
While many of these members report directly to the CEO, Eugene Kaspersky, the US government says they have not sanctioned Kaspersky Lab, its parent or subsidiary companies, or its CEO. The Treasury Department says that the employees are sanctioned pursuant to Executive Order 14024, which states that people determined to work in the technology sector of the Russian Federation can fall under sanctions.
"To operate or have operated in the technology sector or the defense and related materiel sector of the Russian Federation economy, or any other sector of the Russian Federation economy as may be determined by the Secretary of the Treasury, in consultation with the Secretary of State," reads the Executive Order.
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