Washington today announced new sanctions against Russia, this time targeting the technology sector. Among the companies that will be affected is the largest manufacturer of semiconductors.
The US Treasury Department said sanctions were imposed on “21 entities and 13 individuals in connection with the crackdown on networks that circumvent (previous) sanctions” and “technology companies that play a key role in the Russian Federation’s war machine.”
The US believes that Serniya Engineering is at the heart of the “network” set up to circumvent the sanctions already imposed. Washington has also targeted Mikron, “Russia’s largest semiconductor manufacturer, which” exports more than 50 percent of Russia’s microelectronic components. ”
“The Russian military is dependent on Western technologies for the operation of its defense industry,” the ministry said. For this reason, OFAC (Foreign Assets Control Service) targets “the major Russian technology companies” that are contributing to the war against Ukraine.
SOURCE: ΑΠΕ-ΜΠΕ
Source: Capital
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
