New US sanctions target workarounds that let Russia get Western tech for war
1 year, 6 months ago

New US sanctions target workarounds that let Russia get Western tech for war

Associated Press  

The United States said Thursday that it was sanctioning more than 150 businesses and people from Russia to Turkey, the United Arab Emirates and Georgia to try to crack down on evasion and deny the Kremlin access to technology, money and financial channels that fuel President Vladimir Putin’s war in Ukraine. The U.S. is sanctioning a newly established UAE company, which provides engineering and technology to Russia’s Arctic liquefied natural gas project, as well as multiple Russian companies involved in its development. In July, Putin visited the LNG site in Russia’s far north and said it would have a positive impact on “the entire economy.” The U.S. package includes sanctions on several Turkish, Finnish and Russian companies that the State Department and Treasury say help Moscow source U.S. and European electronic components — such as computer chips and processors — which the U.S. says ended up in weapons used by Russia. Sanctions, he said, “are effective” and “put a ceiling on Russia’s wartime production capacity.” “Russia is trying to run a full production wartime economy, and it is extremely difficult to do that with secretive episodic purchases of small batches of equipment from different places around the world,” O’Brien said. “Russia could probably fill a large suitcase with enough electronic components to last for cruise missile production for a year,” said Richard Connolly, a specialist on Russia’s defense sector and economy at the risk analysis firm Oxford Analytica.

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