US slaps sanctions on Russian tech firms

The United States hit a series of Russian tech firms with sanctions Thursday, including the nation’s largest chip maker, in the latest economic punishment for Moscow’s invasion of Ukraine.

The US Treasury said the sanctions are “part of its crackdown on the Kremlin’s sanctions evasion networks and technology companies, which are instrumental to the Russian Federation’s war machine.”

Mikron, the largest Russian manufacturer and exporter of microelectronics, is among the 21 entities and 13 individuals targeted by the sanctions.

Joint Stock Company Mikron (Mikron) is the largest Russian manufacturer and exporter of microelectronics, Treasury said, adding the firm is responsible for exporting more than 50 percent of Russian microelectronics.

0

0