The US imposes new export restrictions on companies from Russia

The United States has decided to tighten export restrictions against Russia. The sanctions were imposed because of the supply of electronics.

This was reported by RBC-Ukraine with reference to a document of the US Department of Commerce.

It is noted that the restrictions were imposed on the following companies:

• Novax Group;

• Si2 Microsystems Private Limited.

Novax Group is associated with Russia, Venezuela, Panama, and Costa Rica.

And Si2 Microsystems Private Limited, according to the US, provided support to the Russian military and defense industry.

Washington believes that the company supplied U.S.-made chips to buyers associated with the Russian defense sector. Export restrictions require suppliers to obtain special export permits from the US Department of Commerce.

Author - Serhii Kolomiets, 18/11/2023