financetom
Business
financetom
/
Business
/
U.S. targets 105 Russian and Chinese firms for aiding Russian military
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
U.S. targets 105 Russian and Chinese firms for aiding Russian military
Aug 24, 2024 4:08 AM

(Reuters) - The United States on Friday added 105 Russian and Chinese firms to a trade restriction list over their alleged support of the Russian military as Washington seeks to keep up pressure on Moscow's war effort in Ukraine.

The companies -- 63 Russian and 42 Chinese as well as 18 from other countries -- were targeted for a host reasons, from sending U.S. electronics to Russian military-related parties to producing thousands of Shahed-136 drones for Russia to use in Ukraine.

Being added to the entity list forces U.S. suppliers to get a difficult-to-obtain license before shipping to the targeted companies. Many of the firms added to the list on Friday were given a special designation that also forces overseas suppliers to get the same U.S. licenses before shipping to the targeted companies.

The moves show the Biden administration is trying to keep up pressure on the companies sustaining Moscow's war in Ukraine despite a raft of Western sanctions aimed at hobbling that effort and amid reports that restricted American technology is still reaching Russia's defense industry.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
What's Going On With Broadcom (AVGO) Stock?
What's Going On With Broadcom (AVGO) Stock?
Dec 2, 2024
Shares of Broadcom Inc ( AVGO ) rose 2.5% to $166.22 Monday morning as the U.S. government announced its latest round of sanctions targeting China's semiconductor industry. The Biden administration's export controls, the third such measures in three years, are expected to intensify challenges for Chinese chipmakers, which could shift demand toward alternative suppliers like Broadcom ( AVGO ). What...
Airbus deliveries topped 80 jets in November, sources say
Airbus deliveries topped 80 jets in November, sources say
Dec 2, 2024
PARIS, Dec 2 (Reuters) - Airbus deliveries accelerated sharply to more than 80 aircraft in November as the planemaker recovers from a summer lull and sets its sights on end-year targets that had previously seemed out of reach, industry sources said. Airbus is officially targeting around 770 2024 deliveries. Few analysts expect it to reach that headline figure after supply...
Looking At NuScale Power's Recent Unusual Options Activity
Looking At NuScale Power's Recent Unusual Options Activity
Dec 2, 2024
Whales with a lot of money to spend have taken a noticeably bearish stance on NuScale Power ( SMR ). Looking at options history for NuScale Power ( SMR ) we detected 13 trades. If we consider the specifics of each trade, it is accurate to state that 15% of the investors opened trades with bullish expectations and 69% with...
TaskUs, Red Points Collaborate to Provide Defense Against Digital Fraud, Counterfeits
TaskUs, Red Points Collaborate to Provide Defense Against Digital Fraud, Counterfeits
Dec 2, 2024
10:33 AM EST, 12/02/2024 (MT Newswires) -- TaskUs ( TASK ) and brand protection provider Red Points said Monday they have teamed up to offer safeguards against digital fraud and intellectual property infringements. The collaboration provides an end-to-end digital protection system combining artificial intelligence and human talent to detect counterfeit items, brand impersonations, fake accounts, and irregular credentials, the companies...
Copyright 2023-2026 - www.financetom.com All Rights Reserved