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By: SiliconExpert on April 8th, 2022

Russian Technology Sector Targeted by US Sanctions

April 8, 2022 – The U.S. Department of Treasury recently issued a new round of sanctions on the Russian Federation in response to its invasion of Ukraine, this time targeting the Russian technology sector. 

This new round of sanctions targets 21 business entities and 13 individuals, most notably, Joint Stock Company Mikron (Mikron Group), Russia’s largest chipmaker and manufacturer and exporter of microelectronics. 

The U.S. has made it clear it is intent on taking down Russia’s “malicious cyber actors” and stopping the support to President Vladimir Putin’s invasion of Ukraine. 

We will continue to target Putin's war machine with sanctions from every angle

Janet Yellen | U.S. Secretary of the Treasury

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:

Targeted EntitiesBusiness Area
AO NII-VektorSoftware & Communications Firm
T-PlatformsSupercomputer & Hardware Firm
Molecular Electronics Research InstituteMicro/Nani electronics & semiconductor research & development
Serniya Engineering / SertalEquipment Manufacturing/Procurement

 

Stay Aware of Events Impacting Supply Chain 

SiliconExpert’s Supply Chain Module is designed to help you closely monitor situations that have the potential to impact the global economy and provides you with alternatives to keep your supply chain intact. SiliconExpert is maintaining a close eye on manufacturers and businesses with facilities located in Russia and Ukraine to help you understand how your business might be impacted.   

Learn more about how SiliconExpert’s Supply Chain module can help keep your business on track! 

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