Connect with us

Hi, what are you looking for?

DOGE0.070.84%SOL19.370.72%BNB287.900.44%USDC1.000.01%AVAX15.990.06%XLM0.080.37%
USDT1.000%XRP0.392.6%BCH121.000.75%DOT5.710.16%ADA0.320.37%LTC85.290.38%
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

Politics

Politics

US restricts trade with 42 Chinese entities over Russian military support

China and USA flag Photo Credit: Denis Ismagilov China and USA flag Photo Credit: Denis Ismagilov
China and USA flag Photo Credit: Denis Ismagilov China and USA flag Photo Credit: Denis Ismagilov

Listen to the article now

On Friday, the U.S. Commerce Department placed 42 Chinese businesses on a federal export restriction list to support Moscow’s military and defense industrial base, including delivering Russian sector U.S.-origin integrated circuits.

Another seven Finnish, German, Indian, Turkish, UAE, and U.K. companies were added to the trade export control list.

The Commerce Department said the circuits contain microelectronics Russia utilizes for precise guidance systems in missiles and drones targeting civilian targets in Ukraine.

“Today’s Entity List additions send a clear message:

if you supply the Russian defense sector with U.S.-origin technology, we will find out and act,” said Assistant Secretary for Export Enforcement Matthew Axelrod.

As the Russian invasion of Ukraine enters its second year, a Russian missile strike in a northe”stern Ukrainian hamlet on Thursday killed at least 52 people in one of the worst strikes in 20 months.

Washington adds companies to the U.S. Entity List if they threaten national security or foreign policy. Suppliers must get difficult licenses before sending items to list companies.

The Chinese embassy in Washington did not reply to a request for comment.

 


Comment Template

You May Also Like

Business

Starting in 2024, the IRS will lower the Form 1099-K reporting threshold to $5,000 for business transactions via payment platforms like PayPal and Venmo....

Business

The stock market saw major premarket moves on February 14, 2025. Roku and Airbnb surged on strong earnings, while Moderna and Informatica fell on...

Business

Warren Buffett’s Berkshire Hathaway trimmed its stake in DaVita amid a weaker 2025 outlook, causing an 8% stock decline. Rising costs and dialysis center...

Business

Stock futures dipped amid new trade policy shifts from President Trump, while GameStop surged on crypto investment speculation. Major retailers scaled back DEI commitments,...

Notice: The Biznob uses cookies to provide necessary website functionality, improve your experience and analyze our traffic. By using our website, you agree to our Privacy Policy and our Cookie Policy.

Ok