US expands Russia sanctions, targets chips sent via China
==========
The United States has expanded sanctions on Russia, targeting China-based companies selling semiconductors to Moscow. The US Treasury is raising the risk of secondary sanctions for foreign financial institutions dealing with Russia's war economy, threatening them with losing access to the US financial system. The Commerce Department is targeting shell companies in Hong Kong for diverting semiconductors to Russia, affecting nearly $100 million of high-priority items. The US-made chips and technology have been found in various Russian equipment recovered from the battlefield in Ukraine. The Treasury is also imposing sanctions on key parts of Russia's financial infrastructure, including the Moscow Exchange. The new sanctions have forced an immediate suspension of trading in dollars and euros on the exchange. The latest sanctions are seen as a paradigm shift and an effort to set up a global financial embargo on Russia, targeting foreign banks dealing with Russian banks. The move is expected to complicate the flow of goods from countries trading with Russia.
#Us #Russia #Sanctions #China #Semiconductors #War #Ukraine
https://www.asiaone.com/world/us-expands-russia-sanctions-targets-chips-sent-china
AsiaOne /
npub1zh…0p8wn
2024-06-13 02:20:47
Author Public Key
npub1zhjr05pfsfatj93qpucqqym5hcrws0hcy5gdrcf0faws59wxzy4s20p8wnPublished at
2024-06-13 02:20:47Event JSON
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"content": "US expands Russia sanctions, targets chips sent via China\n==========\n\nThe United States has expanded sanctions on Russia, targeting China-based companies selling semiconductors to Moscow. The US Treasury is raising the risk of secondary sanctions for foreign financial institutions dealing with Russia's war economy, threatening them with losing access to the US financial system. The Commerce Department is targeting shell companies in Hong Kong for diverting semiconductors to Russia, affecting nearly $100 million of high-priority items. The US-made chips and technology have been found in various Russian equipment recovered from the battlefield in Ukraine. The Treasury is also imposing sanctions on key parts of Russia's financial infrastructure, including the Moscow Exchange. The new sanctions have forced an immediate suspension of trading in dollars and euros on the exchange. The latest sanctions are seen as a paradigm shift and an effort to set up a global financial embargo on Russia, targeting foreign banks dealing with Russian banks. The move is expected to complicate the flow of goods from countries trading with Russia.\n\n#Us #Russia #Sanctions #China #Semiconductors #War #Ukraine\n\nhttps://www.asiaone.com/world/us-expands-russia-sanctions-targets-chips-sent-china",
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