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The United States has announced new sanctions on nearly 400 companies and individuals across several countries accused of aiding Russia’s war efforts in Ukraine.
What’s the deal: The latest US sanctions target 398 companies and individuals across Russia, China, India, Turkey, and Switzerland. According to the Treasury, those sanctioned are accused of providing critical technologies and resources that bolster Russia’s military capabilities and bypass existing sanctions. The sanctions notably target suppliers of high-priority microelectronics and equipment essential to Russia’s military-industrial complex. Targeted groups include senior officials from Russia’s Ministry of Defense, Chinese companies exporting dual-use goods, and other entities enabling advanced technology procurement.

Digging into some of those sanctioned: One of the sanctioned entities is Mirex Havacilik ve Savunma Sanayi Ticaret Anonim Serketi (Mirex), a Turkey-based company led by chairman Ozgur Hasan Celik. Mirex is accused of facilitating defense production and procurement on behalf of Russian government-affiliated defense entities and has reportedly delivered electronic warfare systems to Russia.
Sinno Electronics Co., Limited (now Sinno Group Limited), a Hong Kong-registered company, has been sanctioned for supplying Russia with thousands of shipments of critical microelectronics since the start of its invasion of Ukraine. Sinno Electronics has been a significant supplier of dual-use goods, including electronic integrated circuits essential for developing Russian precision-guided weapons. Despite prior sanctions by the US Department of Commerce, the company continued its operations, allegedly utilizing a network of affiliated Hong Kong entities to ship components valued at $27 million. According to the Treasury, these shipments have enabled Russia to maintain its supply of advanced military technology.

US officials react: In a statement, US Secretary of State Antony Blinken said, “Building on the unprecedented measures we have already imposed in coordination with our allies and partners, the United States is today imposing sanctions on nearly 400 entities and individuals for enabling Russia’s illegal war against Ukraine. The Department of State is targeting sanctions circumvention by parties in multiple third countries, several senior Russian Ministry of Defense officials and defense companies, and those that support the development of Russia’s future energy production and exports.”
Deputy Secretary of the Treasury Wally Adeyemo said, “The United States and our allies will continue to take decisive action across the globe to stop the flow of critical tools and technologies that Russia needs to wage its illegal and immoral war against Ukraine. As evidenced by today’s action, we are unyielding in our resolve to diminish and degrade Russia’s ability to equip its war machine and stop those seeking to aid their efforts through circumvention or evasion of our sanctions and export controls.”