New anti-Russian sanctions that Washington is preparing will affect supplies to Russia of semiconductor chips produced outside the United States but using American technology or equipment. writes about this Bloomberg Citing sources.
According to the agency, Washington will announce new sanctions against the Russian Federation on June 12. Eight Hong Kong companies that the US believes are supplying semiconductor chips to Russia will be blacklisted, sources say.
Restrictive measures will also be imposed on companies that American officials believe supply goods to the Russian aviation industry. Additionally, the United States plans to expand sanctions against “enterprise software” used in the Russian Federation so that it will no longer receive updates.
As Bloomberg stated, new sanctions will be imposed on Chinese companies.
June 12 White House Strategic Communications Coordinator John Kirby statedHe said the United States plans to announce new sanctions and export controls against Russia in the near future. These will target organizations and networks that allegedly help Moscow purchase foreign products. In particular, the work of financial intermediaries to support the Russian military-industrial base will be complicated, Kirby noted, which will limit future revenue in key sectors of the Russian economy.
Previously European Union offered Imposing sanctions on Sovcomflot.
What are you thinking?
Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.