Following Russia’s invasion of Ukraine, the United States imposed an unprecedented package of sanctions intended to make Russia pay a high economic cost for its aggression and to constrain the Russian military. U.S. President Joe Biden declared that Russia would “bear the consequences” for the invasion and emphasized that sanctions were designed to reverse Russia’s military modernization,...
U.S. semiconductor manufacturers should do more to keep their chips from illegally making their way into equipment used by the Russian military, U.S. Senator Richard Blumenthal said at a hearing on Tuesday. Blumenthal’s comments came as reports showed U.S.-origin chips and other technology continue to be found in a wide range of Russian equipment on...
The United Arab Emirates is considering introducing export licenses for a list of items including chips and other components that are sanctioned by the US and European Union and used by Russia’s military in Ukraine, according to people familiar with the matter. Read more: bloomberg.com Photo: bloomberg.com