Which Products Are Affected?
These sanctions affect several sectors of production, including computer hardware, software, semiconductors and microelectronics.
The U.S. Treasury Department also expanded authorities under the existing Executive Order to include three additional sectors of the Russian economy: aerospace, marine, and electronics. This would allow the U.S. to impose penalties on any person or entity determined to operate in those sectors.
These new actions freeze any U.S. assets of those targeted and effectively ban any U.S. citizens or businesses from conducting business with them.
Besides Mikron Group, the following entities were affected by the sanctions: