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The US has introduced new export restrictions against companies from Russia

It is noted that restrictions were introduced against the following companies:

  • Novax Group;
  • Si2 Microsystems Private Limited.

Novax Group is associated with Russia, Venezuela, Panama and Costa Rica.

And Si2 Microsystems Private Limited, according to US information, provided support to the Russian military and defense industry.

Washington believes the company supplied US-made chips to buyers linked to the Russian defense sector. Export restrictions require suppliers to obtain special export permits from the US Department of Commerce.

US sanctions against Russia

The US imposed sanctions on Russia in electronics in response to a full-scale invasion of Ukraine in 2022. These sanctions are aimed at limiting Russia’s access to advanced technologies and components that are necessary for the production of electronics.

In October, the United States imposed sanctions due to violations of the price ceiling for the sale of Russian oil.

In early November, the United States introduced a new package of sanctions against Russia. The restrictions included banks, Lancet developers and members of the Russian government.

#introduced #export #restrictions #companies #Russia
2023-11-17 20:44:24

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