US imposes new export restrictions

US President Joe Biden signs a guest book while visiting the Peace Memorial Park for the G7 leaders’ summit in Hiroshima on May 19, 2023.Photo: HANDOUT, AFP/Scanpix

New US sanctions will affect defense companies from Russia, as well as companies from Armenia and Kyrgyzstan.

List of companies with which interaction should be limited, presented US Department of Commerce. These are 69 enterprises from Russia, including the Kazan gunpowder plant, the Aurora concern, the Tula machine-building plant, etc., as well as Medisar LLC from Armenia and Tro.Ya LLC from Kyrgyzstan.

There is also a separate list of goods that are subject to restrictions.

“The additional 1,224 industrial products added to the list will now require a license for export or re-export and transfer within Russia and Belarus,” the agency said in a statement.

The list includes building materials, paper, fabrics, equipment, transport.

The United States also introduced export restrictions related to deep-sea oil production of the Russian Federation on the Arctic shelf.

Apparently, this is the first part of the sanctions that US President Joe Biden announced on the eve of the G7 meeting on May 19 in Hiroshima.

“We will continue to expand export controls to make it even harder for Russia to maintain its war machine. Among other things, this includes broadly restricting categories of goods that are key to the battlefield, as well as cutting off approximately 70 organizations from Russia and third countries from receiving exports from the United States by adding them to the black list,” he said.

He also said that the US would announce more than 300 new sanctions “against individuals and entities, ships and aircraft.” “They will be directed against financial intermediaries,” he warned.

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