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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

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US Singles Out Entities in China, UAE, and Turkey for Alleged Involvement with Russia

US Singles Out Entities in China, UAE, and Turkey
US Singles Out Entities in China, UAE, and Turkey

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US Singles Out Entities in China, UAE, and Turkey

On February 23, the Biden administration announced new trade restrictions targeting 93 entities from Russia, China, Turkey, the United Arab Emirates, Kyrgyzstan, India, and South Korea for their support of Russia’s war effort in Ukraine. This action, coming just ahead of the second anniversary of Russia’s invasion of Ukraine, effectively prohibits U.S. shipments to the identified entities, which include 63 from Russia, 16 from Turkey, eight from China, and four from the UAE.

Alan Estevez, a U.S. Commerce Department under secretary overseeing export policy, expressed sorrow over Russia’s ongoing war in Ukraine and emphasized the need to demonstrate resolve and support for the Ukrainian people through such measures.

This move is part of the latest round of sanctions imposed by the United States, its partners, and allies in response to Russia’s continued aggression in Ukraine, which began on February 24, 2022. The sanctions also extend to over 500 additional targets related to the war and the death of Russian opposition leader Alexei Navalny.

The European Union similarly approved a 13th package of Ukraine-related sanctions earlier this week, targeting nearly 200 entities and individuals accused of aiding Moscow in procuring weapons or being involved in the kidnapping of Ukrainian children.

Among the entities listed on Friday, some were identified for diverting controlled microelectronics to Russia’s military and intelligence authorities, while others were targeted for procuring American equipment to assist Russia in replenishing its munitions and military goods.

One of the listed entities is Crynofist Aviation, based in the UAE, which provides spare parts for airplanes. Crynofist, added for its efforts to divert American items to Russia, has not yet responded to requests for comment. Russia has faced substantial sanctions on its passenger airline fleet in recent years, affecting its ability to maintain and operate these aircraft.


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