US imposes new sanctions on Russian tech companies

WASHINGTON — The Treasury Department on Thursday imposed new sanctions on Russian tech companies and illicit supply networks the country...


WASHINGTON — The Treasury Department on Thursday imposed new sanctions on Russian tech companies and illicit supply networks the country uses to evade existing sanctions, expanding the Biden administration’s efforts to punish Russia for its invasion of China. Ukraine by crippling its economy.

The new measures reflect the challenge the United States and its allies continue to face in enforcing the restrictions that were imposed to cut off the central bank, financial institutions and Russian oligarchs from the global financial system, and the need to disrupt supply chains and Russian efforts to conceal transactions.

“Russia not only continues to violate Ukraine’s sovereignty with its unprovoked aggression, but has also escalated its attacks on civilians and population centers,” Treasury Secretary Janet L. Yellen said in a statement. communicated. “We will continue to target Putin’s war machine with sanctions from every angle until this senseless war of choice is over.”

Among the 34 organizations and individuals targeted are Serniya and Sertal, Moscow-based companies that illegally purchase dual-use equipment and technology for the Russian defense sector.

The Treasury Department is also imposing sanctions on several technology companies that produce computer hardware, software and microelectronics used by Russia’s defense sector. Among them is Joint Stock Company Mikron, Russia’s largest chipmaker.

Adewale Adeyemo, Deputy Treasury Secretary, prefigured the sanctions during a speech on Tuesday, when he said Russia’s military industrial sector would be the next to face restrictions.

“We plan to target additional sectors that are critical to the Kremlin’s ability to operate its war machine, where a loss of access will ultimately undermine Russia’s ability to build and maintain the tools of war that rely on these inputs,” Mr. Adeyemo said. in his speech at Chatham House, a think tank on international affairs in London. “In addition to sanctioning companies in sectors that enable the Kremlin’s malign activities, we also plan to take action to disrupt their critical supply chains.”

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Newsrust - US Top News: US imposes new sanctions on Russian tech companies
US imposes new sanctions on Russian tech companies
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