The United States imposed sanctions on companies from Turkey, China and the UAE for helping Russia
From now on, all their property in the United States is blocked, and American citizens and legal entities are prohibited from conducting any transactions with them
The U.S. government is increasing pressure on countries that continue to supply goods to Russia in violation of sanctions, including through parallel import channels.
On Thursday, the US Treasury announced the blacklisting of more than 20 companies from China, Turkey and the United Arab Emirates, which, according to Washington, supplied sanctioned products to Russia.
In Turkey, 7 firms that supplied microcircuits, lithium-ion batteries, metal processing equipment to Russia, as well as purchased sanctioned goods in the United States and redirected them to companies associated with the Russian military-industrial complex, were subject to US blocking sanctions, the release said.
Office of Foreign Assets Control (OFAC).
From now on, all their property in the United States is blocked, and American citizens and legal entities are prohibited from conducting any transactions with them.
Separate personal sanctions, including, in particular, a visa ban, were imposed on Turkish citizen Burk Turken, who, according to American data, cooperated with Russian intelligence and was involved in the supply of technology to sanctioned companies from Russia.
The United States imposed sanctions on 12 companies in the UAE, one of the main "hubs" of parallel imports to Russia. According to OFAC, they supplied computer components, data processing equipment, satellite technologies, and spare parts for Western-made aircraft to Russia, which were left without the possibility of legal repair and maintenance due to the sanctions.
ARX Financial Engineering Limited, registered in the UAE, was also subject to US sanctions. The company was a participant in a scheme that allowed it to withdraw rubles from VTB Bank and convert them into dollars in violation of the sanctions, OFAC said.
In addition, three Chinese companies have been blacklisted. One of them, China Taly Aviation Technologies, supplied radar equipment to a Russian manufacturer of air defense systems. The other two, Beijing Jiahengde Technology and Shangyixianda Technology, made more than 100 deliveries of electro-optical and telecommunications equipment to sanctioned Russian entities.
The new major sanctions package – the second in the last two months – targets individuals and companies that "assist Russia in its unconscionable war against Ukraine by supplying much-needed technology and equipment from third countries," the US Treasury Department explains in a release.
Russia is unable to produce a significant portion of materials and goods for the military-industrial complex on its own and relies, in particular, on China, Turkey, and the UAE, which have become hubs for shadow exports to Russia, OFAC writes.
Background. Also today, it became known that the United States has expanded sanctions against Russia, adding more than 30 individuals and nearly 200 companies to the list.
If you have read this article to the end, we hope that means it was useful for you.
We work to ensure that our journalistic and analytical work is of high quality, and we strive to perform it as competently as possible. This also requires financial independence. Support us for only UAH 196 per month.
Become a Mind subscriber for just USD 5 per month and support the development of independent business journalism!
You can unsubscribe at any time in your LIQPAY account or by sending us an email: [email protected]
