U.S. to Sanction Companies Providing Technology for Russian Military, Intelligence Services

[dalton99a]

https://www.wsj.com/articles/u-s-to-sanction-companies-providing-technology-for-russian-military-intelligence-services-11648245575

U.S. to Sanction Companies Providing Technology for Russian Military, Intelligence Services
Among those targeted are businesses allegedly involved in aiding Moscow’s war in Ukraine
By Vivian Salama and Ian Talley
Mar. 25, 2022 5:59 pm ET

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According to U.S. officials and documents reviewed by The Wall Street Journal, the Russian government has relied heavily on key western and international technologies for its defense industry to function. The new sanctions are tailored to target companies that are part of Russia’s procurement networks that produce and buy goods that have both civil and military purposes.

Treasury sanctions, however, also hit any financial dealings, threatening to cripple those companies’ ability to do business anywhere. The sanctions, combined with the export-control restrictions, also cut off access to foreign-made computer chips and the financing and components needed to make them domestically.

Together, those measures “can have a very big impact, which will then spread to the whole Russian economy,” said Justine Walker, who leads global sanctions and risk at the Association of Certified Anti-Money Laundering Specialists. “As you hit those supply chains, you have a pretty immediate effect.”

Microchips are ubiquitously, and modern economies rely on the data-processing power of supercomputers — including the oil and aviation industries. The measures are designed to prevent Russia from importing critical technologies, weakening both its military’s capabilities and the larger economy, reducing popular support for Putin’s war in Ukraine, she said.

[Sherman A1]

1. Good!

Squeeze these buzzards until they give up this nonsense and pay for all the damage done to Ukraine.