US blacklists Russian shipbuilding and diamond companiespublished at 03:13 British Summer Time 8 April 2022
![Russian United Shipbuilding Corp President Alexei Rakhmanov meets Putin and senior defence officials in Sochi in 2017](https://ichef.bbci.co.uk/ace/standard/640/cpsprodpb/vivo/live/images/2022/4/8/e64bcd0b-de98-4647-8a53-64fc2e9b5c8d.jpg.webp)
Russian United Shipbuilding Corp president Alexei Rakhmanov
The US Department of Treasury has officially blacklisted two Russian businesses - a diamond-miner and a shipbuilder - barring their access to the US financial system.
The latest sanctions target the Russian state-owned enterprises, United Shipbuilding Corp and the Alrosa diamond mining company.
"Through these designations, Treasury is cutting off additional sources of support and revenue for the Government of the Russian Federation to wage its unprovoked war against Ukraine," the US officials said in a press release, external.
Alrosa is the largest diamond mining company in the world, accounting for 28% of global diamond mining, the US statement said, adding that in 2021 Alrosa generated over $4.2bn in revenue.
United Shipbuilding Corp is "responsible for the construction of almost all of Russia’s warships", the US statement added.