Technology sector

US targets Russian tech sector with new sanctions

WASHINGTON, March 31 (Reuters) – The United States imposed new sanctions on Russia on Thursday, targeting the tech sector, a sanctions-busting network and what it called “malicious cyber actors” while paving the way to actions against other sectors in response to President Vladimir Putin’s attack on Ukraine.

“We will continue to target Putin’s war machine with sanctions from every angle until this senseless war of choice is over,” Treasury Secretary Janet Yellen said in a statement.

The Treasury Department imposed sanctions on 21 entities and 13 individuals, including joint-stock company Mikron, Russia’s largest chipmaker and microelectronics manufacturer and exporter.

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Washington also determined that three new sectors of the Russian economy are subject to sanctions under an existing executive order, allowing the United States to impose punitive measures on any person or entity operating in the sectors of the Russian economy. aerospace, marine and electronics.

Thursday’s actions freeze all US assets of those targeted and generally prevent Americans from doing business with them.

Among the targets are Moscow-based Serniya Engineering and equipment maker Sertal, both accused by the Treasury Department of working to illicitly acquire equipment and technology for the Russian defense sector that can double for civilian use.

The Treasury imposed sanctions on the two companies alongside other companies and individuals, accusing them of being part of a sanctions-busting network.

The Russian Embassy in Washington and Mikron did not immediately respond to requests for comment on the measures. Serniya and Sertal could not immediately be reached for comment.

Washington has imposed sanctions several times in the five weeks since Russia launched the biggest assault on a European state since World War II. Moscow calls it a “special operation”.

Western nations will try to find new grounds for sanctions against Russia, Putin said Thursday, adding that his country should aim to keep jobs and create new ones. Read more

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Reporting by Daphne Psaledakis and Chris Gallagher; Editing by Howard Goller

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