US Adds More Russian Entities to Sanctions
The US Department of the Treasury has designated 21 entities and 13 individuals to Executive Order 14024, which allows the treasury to impose sanctions on any entities or individuals that are deemed to be attempting to evade sanctions placed on the Russian Federation, which in this case would would be supplying or financing Russia’s invasion of Ukraine.
In the technology space a St. Petersburg software and communications company that supports the Russian Liana satellite network that has been used to track ships, aircraft and ground vehicles during the invasion has been sanctioned, while T-Platforms (pvt) a supercomputer developer that was originally on a similar list but was dropped at the company’s request, was put back on as they are suspected of having developed a supercomputer center for the Russian military.
Likely most significant is Mikron (pvt) a subsidiary of RTI Systems (pvt) one of Russia’s largest defense contractors. The company produces Power Management ICs, a number of discretes, and IoT sensors and systems. According to the DOT Mikron is responsible for exporting more than 50% of Russian microelectronics and is the largest chip producer in the country and the only Russian producer at 65nm. The focus of the sanction is the company’s development of a domestically produced chip for the Mir payment card system. The State Research Center of the Russian Federation Central Scientific Research Institute of Chemistry & Mechanics was also added to the list for their part in developing a tool that was responsible for the August 2017 cyber-attack on a Middle East petrochemical facility, known as Triton (aka Hatman), and while the center has already been sanctioned back in 2020, the DOT is adding a number of employees who were present during the 2017 attack, as they have continued to support and conduct further attacks at energy facilities in the US and other countries
The new sanctions expand coverage by the DOT to the aerospace, marine, and electronics sectors with the intent of imposing economic cost on the country for its entry into Ukraine and is added to other designated sectors such as financial services, technology, and defense. The sanctions imposed are to block all property and interests of same in the US and to prohibit all transactions with US persons or in the US by any of the companies or individuals. Here’s the link to the full list.
In the technology space a St. Petersburg software and communications company that supports the Russian Liana satellite network that has been used to track ships, aircraft and ground vehicles during the invasion has been sanctioned, while T-Platforms (pvt) a supercomputer developer that was originally on a similar list but was dropped at the company’s request, was put back on as they are suspected of having developed a supercomputer center for the Russian military.
Likely most significant is Mikron (pvt) a subsidiary of RTI Systems (pvt) one of Russia’s largest defense contractors. The company produces Power Management ICs, a number of discretes, and IoT sensors and systems. According to the DOT Mikron is responsible for exporting more than 50% of Russian microelectronics and is the largest chip producer in the country and the only Russian producer at 65nm. The focus of the sanction is the company’s development of a domestically produced chip for the Mir payment card system. The State Research Center of the Russian Federation Central Scientific Research Institute of Chemistry & Mechanics was also added to the list for their part in developing a tool that was responsible for the August 2017 cyber-attack on a Middle East petrochemical facility, known as Triton (aka Hatman), and while the center has already been sanctioned back in 2020, the DOT is adding a number of employees who were present during the 2017 attack, as they have continued to support and conduct further attacks at energy facilities in the US and other countries
The new sanctions expand coverage by the DOT to the aerospace, marine, and electronics sectors with the intent of imposing economic cost on the country for its entry into Ukraine and is added to other designated sectors such as financial services, technology, and defense. The sanctions imposed are to block all property and interests of same in the US and to prohibit all transactions with US persons or in the US by any of the companies or individuals. Here’s the link to the full list.
RSS Feed