According to sources, the U.S. administration plans to impose more sanctions on the export of semiconductor chips and other goods to Russia.
The U.S. government intends to impose further penalties on the export of semiconductor chips and other items to Russia on Wednesday. The purpose of the sanctions is to target third-party sellers in China. The actions are part of the Biden administration’s larger effort to counter Russia’s attempts to get around Western sanctions and stifle its military campaign against Ukraine. According to the sources, the government will declare that it is expanding the current export restrictions to cover products bearing American brands as well as those manufactured domestically. It will list specific Hong Kong companies that it claims are sending cargo to Moscow.
John Kirby, a spokesman for the White House, informed reporters early on Tuesday that Washington would be announcing fresh export restrictions and sanctions against Russia. The announcement was made just before US President Joe Biden was about to leave early on Wednesday for a summit with leaders of other G7 nations in southern Italy. According to one of the sources, strengthening support for Ukraine—which is currently in its third year of fending off Russia’s invasion—and dismantling the Russian military apparatus are among the top concerns for the G7 leaders.
According to one of the sources, strengthening support for Ukraine—which is currently in its third year of fending off Russia’s invasion—and dismantling the Russian military apparatus are among the top concerns for the G7 leaders. Growing annoyance with China’s expanding trade with Russia has been voiced by U.S. officials; they claim this allows Moscow to continue arming its armed forces. According to two people with direct knowledge of the situation, China is producing weapons that it used to import with the aid of exports of machine tools and other industrial equipment from other nations.
They contend that since Moscow has now refocused its whole economy on the war, changes are required to expand the description of American items covered by the export prohibitions. The Center for a New American Security was informed last week by Daleep Singh, the White House’s deputy national security adviser for international economics, that Ukrainian President Volodymyr Zelenskiy was scheduled to meet with G7 leaders to emphasize the critical circumstances that Ukrainian forces are facing in their conflict with Russia.
The sources added that Washington is set to impose substantial additional penalties on banks and non-banks that participate in the “technology and goods channels” that support the Russian military.
Also read: Unveiling the Ethical Imperatives: Navigating the Intersection of AI and Cybersecurity
Do Follow: CIO News LinkedIn Account | CIO News Facebook | CIO News Youtube | CIO News Twitter
About us:
CIO News is the premier platform dedicated to delivering the latest news, updates, and insights from the CIO industry. As a trusted source in the technology and IT sector, we provide a comprehensive resource for executives and professionals seeking to stay informed and ahead of the curve. With a focus on cutting-edge developments and trends, CIO News serves as your go-to destination for staying abreast of the rapidly evolving landscape of technology and IT. Founded in June 2020, CIO News has rapidly evolved with ambitious growth plans to expand globally, targeting markets in the Middle East & Africa, ASEAN, USA, and the UK.
CIO News is a proprietary of Mercadeo Multiventures Pvt Ltd.
