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U.S. Imposes Sanctions on 150 Companies to Limit Tech Flow to Russia

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FILE - Russian President Vladimir Putin, foreground right, attends the launch ceremony for the first technological line for liquefying natural gas on gravity bases as part of the Arctic LNG2 (Liquefied Natural Gas) project at the Center for the construction of large-tonnage offshore structures (CSCMS) of Novatek-Murmansk company in the village of Belokamenka, about 1700 km (1063 miles) north of Moscow, Murmansk region, Russia, Thursday, July 20, 2023. The U.S. is sanctioning a newly established UAE company, which provides engineering and technology that Western corporations previously offered, to Russia’s Arctic liquefied natural gas project, as well as multiple Russian companies involved in its development. (Alexander Kazakov, Sputnik, Kremlin Pool Photo via AP, File)
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Overview

  • The U.S. is sanctioning 150 foreign companies to prevent them from shipping tech to Russia.
  • Russia has exploited loopholes by routing goods through third countries.
  • The goal is to cut off Russia's access to key tech like computer chips used to locate Ukrainian forces.
  • The U.S. is pressuring governments supporting Russia to withdraw their assistance.
  • Companies like Siberica and Luminor were sanctioned for sending drone cameras and optical filters to Russia.