The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) has expanded sanctions on Russian company Alrosa, a state-owned enterprise that is the world’s largest producer of rough diamonds. “All transactions ordinarily incident and necessary to the wind down of transactions involving Public Joint Stock Company Alrosa or any entity in which Alrosa owns, directly or indirectly, a 50 percent or greater interest that are prohibited by Executive Order 14024 are authorized through 12:01 a.m. eastern daylight time, May 7, 2022,” according to a license issued by OFAC on April 7. All “property and interests in property” of Alrosa and related entities that are in the United States or are in the possession or control of those in the United States will be blocked and reported to OFAC, according to an April 7 press release by the Treasury Department. Washington had put Alrosa and its CEO on the sanctions list …