EDNY: NY Businessman Guilty in Illicit Export Scheme to Russia, New Sanctions Imposed

May 1, 2024, 05:30 PM

Nikolay Grigorev, a New York businessman, pleaded guilty in the Eastern District of New York (EDNY) for his role in an illicit export control scheme involving the illegal export of electronic components to Russian military-affiliated companies, circumventing U.S. sanctions. The scheme involved over $250,000 in transactions for dual-use electronics that could be used in weapon manufacturing. Concurrently, the U.S. Treasury has imposed new sanctions on suppliers in Russia and China related to the Ukraine conflict, targeting entities involved in Russia's weapons development and those assisting in sanctions evasion.