June 10, 2023

Taylor Daily Press

Complete News World

US imposes export restrictions on companies that help Russian military

The U.S. Commerce Department said Wednesday it is imposing export restrictions on more than two dozen companies in China, Turkey and other countries that support Russia’s military and defense industries.

A total of 28 companies were added to the U.S. “enterprise list,” which means that suppliers are not allowed to supply U.S. technology to companies on the list unless they obtain a hard-to-get license from the Department of Commerce.

Five Chinese, two Russian and two Turkish companies were named for evading export controls and buying or attempting to buy US products to support the Russian military.

Among the listed Chinese companies are STK Electronics, Win Electronics Co, ETC Electronics Ltd, Avtex Semiconductor Ltd, Yongli Electronic Components and Newsuntech Electronics Ltd. The companies were not immediately available and did not respond to requests for comment.

Other companies were added to coordinate flights to help transfer Iranian unmanned aerial vehicles, personnel and related equipment from Iran to Russia, while 16 companies were already targeted to search for goods on behalf of the Russians on the red flag list. US Treasury sanctions. This includes seven companies in China.

The US imposed new sanctions on Russia from early 2022 following its invasion of Ukraine.

As of February 2022, the Ministry of Commerce has added about 400 companies to the Russia-related list. The ministry says Russia’s defense sector is suffering from a “technological deficit” as a result. “Export restrictions hinder Russia’s ability to maintain, repair and resupply its weapons,” the ministry said in February.

The announcement was part of a coordinated effort by the State and Treasury departments to “combat third-country circumvention” to prevent Russia from accessing U.S. technology through other countries. Other companies mentioned are in Singapore, Spain, Syria, Turkey, United Arab Emirates and Uzbekistan.

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“The United States is acting swiftly and coordinatedly in response to Putin’s flagrant violation of international law,” Deputy Commerce Secretary Dan Graves said of the Russian president.