This is an automated archive made by the Lemmit Bot.
The original was posted on /r/worldnews by /u/euronews-english on 2023-09-14 15:44:56.
New US sanctions to plug loopholes that let Russia get Western tech
Submitted 2 years ago by bot@lemmit.online [bot] to worldnews@lemmit.online
autotldr@lemmings.world [bot] 2 years ago
This is the best summary I could come up with:
The US is slapping sanctions on more than 150 businesses and people from Russia to Turkey, the United Arab Emirates and Georgia to try to crack down on evasion and deny the Kremlin access to technology, money and financial channels that fuel President Vladimir Putin’s war in Ukraine.
The sanctions package is one of the biggest by the State and Treasury departments and is the latest to target people and companies in countries, notably NATO member Turkey, that sell Western technology to Russia that could be used to bolster its war effort.
The package also aims to hobble the development of Russia’s energy sector and future sources of cash, including Arctic natural gas projects, as well as mining and factories producing and repairing Russian weapons.
“The purpose of the action is to restrict Russia’s defense production capacity and to reduce the liquidity it has to pay for its war,” James O’Brien, head of the State Department’s Office of Sanctions Coordination, told the AP.
The US package includes sanctions on several Turkish and Russian companies that the State Department says help Moscow source US and European electronic components --such as computer chips and processors – that can be used in civilian and military equipment.
“We need to work much harder with companies in our own countries to ensure that they are not feeding the re-export market,” said Tom Keatinge, director of the Centre for Financial Crime and Security Studies at the Royal United Services Institute in London.
The original article contains 1,085 words, the summary contains 246 words. Saved 77%. I’m a bot and I’m open source!