: U.S. makes renewed push on countries and individuals that are helping Russia evade western sanctions to get hold of vital equipment such as chips: FT

0
11

The U.S. Treasury, commerce and justice departments are making a renewed push on countries and individuals that are helping Russia evade western sanctions and get hold of vital but restricted equipment such as semiconductors, the Financial Times reported. The move comes amid fears Russia is funneling imports through countries such as the United Arab Emirates, Turkey, China and Uzbekistan to fuel its war on Ukraine. “Those who attempt to prop up Putin’s war machine by evading our export controls and sanctions will be held accountable,” said Matthew Axelrod, assistant secretary of commerce for export enforcement, in a statement cited by the paper. The three U.S. agencies have issued a “compliance note” on the “use of third-party intermediaries or transshipment points to evade Russian- and Belarussian-related sanctions and export controls.”

This article was originally published by Marketwatch.com. Read the original article here.

Previous articleBeth Pinsker: How do you know if financial advice is worth paying for?  
Next articleStocks on the move early Friday: C3.ai surges, but ChargePoint and Zscaler dive

LEAVE A REPLY

Please enter your comment!
Please enter your name here