On 25 November 2015, OFAC designated four individuals and six entities pursuant to the Syrian sanctions regime for their support of the Government of Syria. All four individuals are accused of facilitating the Syrian government’s economic activities. All six entities are controlled by one or more of the individuals.
The newly blocked entities are Russian Financial Alliance Bank, based in Moscow; Ezegoo Investments Ltd, based in Lemesos, Cyprus; Hesco Engineering & Construction Co., based in Damascus and London; Hudsotrade Limited, based in Moscow; Kremsont Commercial Inc., based in Belize; and Primax Business Consultants Limited, based in Limassol, Cyprus.
One of the individuals, Kirsan Ilyumzhinov, is a Russian businessman who was the former president of the Russian Republic of Kalmykia and is the current World Chess Federation president. The other individuals designated were George Haswani, a Russian and Syrian national based in Syria; Mudalal Khuri, a Russian national based in Syria; and Nicos Nicolaou, a Cypriot national based in Cyprus.