{"id":"9ff30509-fb97-47f5-8df2-eee7ada203c9","slug":"regulatory-action-2018-01-26-power-machines","kind":"regulatory_action","headline":"OFAC sanctioned Power Machines for transferring gas turbines to Crimea","summary":"The U.S. Treasury's OFAC designated JSC Power Machines under Executive Orders 14024 and 13685 for its role in the transfer of four gas turbines, produced by a Russian-German joint venture with Siemens, to Crimea in 2017. The turbines were moved to the occupied peninsula in violation of Ukraine-related sanctions, prompting U.S. and EU sanctions against the company.","occurredAt":"2018-01-26T12:00:00.000Z","reviewStatus":"unreviewed","modelId":null,"deploymentId":null,"companyId":"309a6d51-3c8f-4e56-bd3a-c998d4d516e4","aliases":[],"collisionRisk":"none","reviewNote":null,"severity":"serious","rootCauseCategory":null,"rootCauseDetail":null,"affectedUnitsCount":null,"affectedUnitsBasis":null,"remediationStatus":null,"regulatoryAction":"suspension","regulatoryBody":"OFAC","propertyDamageEstimateUsd":null,"damageEstimateBasis":null,"bodilyInjurySeverity":null,"fatalityCount":null,"lossCostClass":null,"sourceQualityTier":null,"oshaRecordable":null,"oshaCaseNumber":null,"rootCauseDisclosed":null,"publicDisclosureDate":null,"insuranceClaimPublic":null,"createdAt":"2026-07-06T11:03:52.158Z","updatedAt":"2026-07-06T11:03:52.158Z","model":null,"deployment":null,"company":{"id":"309a6d51-3c8f-4e56-bd3a-c998d4d516e4","name":"Power Machines","slug":"power-machines","description":"OJSC Power Machines (Siloviye Mashiny) is a Russian energy-systems machine-building company headquartered in Saint Petersburg, founded in 2000. It manufactures steam and gas turbines, turbogenerators, and other power-plant equipment for nuclear and thermal stations, supplying over 57 countries. The company was sanctioned by the U.S. Treasury (OFAC) in 2018 for its role in transferring Siemens gas turbines to [Crimea](https://en.wikipedia.org/wiki/Crimea) in violation of Ukraine-related sanctions, and has since pivoted to domestically produced high-power gas turbines to replace imported equipment cut off by sanctions.","status":"active","founded":2000,"hq":"Saint Petersburg, Russia","fundingTotal":"319000000","type":"both","reviewStatus":"reviewed","sources":[{"url":"https://www.power-machines.ru/","title":"Power Machines","date_accessed":"2026-06-07"}],"keyFacts":[{"label":"HQ","value":"St. Petersburg, Russia"},{"label":"Focus","value":"Power engineering"},{"label":"Products","value":"Turbines, generators, and transformers"},{"label":"Applications","value":"Thermal and nuclear power"},{"label":"CEO","value":"Alexey Podkolzin (General Director, appointed 2024)"},{"label":"Owner","value":"Alexei Mordashov (via Highstat Limited)"},{"label":"Revenue","value":"~$1.18 billion (2017)"},{"label":"Employees","value":"~8,000"},{"label":"OFAC sanctions","value":"Designated January 2018 under EO 14024 / EO 13685 for supplying turbines to Crimea"}],"aliases":[],"collisionRisk":"low","reviewNote":null,"atsProvider":null,"atsSlug":null,"factoryLocations":null,"manufacturingCapacity":null,"orgType":null,"burnSignal":null,"litigationEvents":null,"insurancePostureDisclosed":null,"unitEconomicsDisclosed":null,"createdAt":"2026-06-08T04:34:45.871Z","updatedAt":"2026-07-06T11:04:12.941Z"},"derived":{"status":"active"},"sources":[{"id":"6ea11d15-0677-4d1f-8252-f8ff7487b876","incidentId":"9ff30509-fb97-47f5-8df2-eee7ada203c9","url":"https://home.treasury.gov/news/press-releases/sm0266","label":null,"publishedAt":null,"notes":null,"title":"Treasury Sanctions Additional Individuals and Entities in Connection with the Conflict in Ukraine and Russia's Occupation of Crimea","sourceName":"U.S. Department of the Treasury","mediaType":"article","videoId":null,"channel":null,"durationSec":null,"timestampSec":null,"createdAt":"2026-07-06T11:03:52.538Z","updatedAt":"2026-07-06T11:03:52.538Z"}],"responses":[],"statusEvents":[{"id":"2c7172f0-ce1a-4a4c-b63e-cc47f5677371","incidentId":"9ff30509-fb97-47f5-8df2-eee7ada203c9","status":"active","reason":null,"source":"agent:depth","effectiveAt":"2026-07-06T11:03:52.921Z","createdAt":"2026-07-06T11:03:52.922Z"}],"jsonLd":{"@context":"https://schema.org","@type":"NewsArticle","@id":"https://registry.deploy.report/incidents/regulatory-action-2018-01-26-power-machines","url":"https://registry.deploy.report/incidents/regulatory-action-2018-01-26-power-machines","headline":"OFAC sanctioned Power Machines for transferring gas turbines to Crimea","description":"The U.S. Treasury's OFAC designated JSC Power Machines under Executive Orders 14024 and 13685 for its role in the transfer of four gas turbines, produced by a Russian-German joint venture with Siemens, to Crimea in 2017. The turbines were moved to the occupied peninsula in violation of Ukraine-related sanctions, prompting U.S. and EU sanctions against the company.","identifier":"9ff30509-fb97-47f5-8df2-eee7ada203c9","datePublished":"2018-01-26T12:00:00.000Z","articleSection":"regulatory action","publisher":{"@id":"https://deploy.report/#organization"},"author":{"@id":"https://deploy.report/#organization"}},"framework_metadata":{"framework_schema_version":"0.1.0","verification_status":"unreviewed","maturity_stage":null,"lifecycle_state":null,"architectural_position":{"cohort":null,"sub_cohorts":[]},"within_cohort_verified_vs_claimed_pair":null,"cap_flags":[],"verification_depth":{"sources_count":1,"primary_source_types":[]}}}