Russian President Vladimir Putin (C) chairs a meeting on the national defense sector at the Bocharov Ruchei state residence in Sochi on November 10, 2015. AFP PHOTO / RIA NOVOSTI / ALEXEI DRUZHININ (Photo credit should read ALEXEI DRUZHININ/AFP via Getty Images)
  • A 16-count indictment charges five Russian nationals and two U.S. nationals with conspiracy and other charges related to a global procurement and money laundering scheme on behalf of the Russian government.
  • The defendants allegedly conspired to obtain military-grade and dual-use technologies from U.S. companies for Russia’s defense sector, and to smuggle sniper rifle ammunition, in violation of new U.S. sanctions imposed earlier this year.
  • If convicted of bank fraud or bank fraud conspiracy, the defendants face a maximum of 30 years in prison. 
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