US to widen sanctions on semiconductor sales to Russia

The US government plans to announce wider sanctions targeting semiconductor chip sales and other goods to Russia, with a focus on Chinese third-party sellers.

These measures are part of the US government’s response to Russia’s attempts to evade Western sanctions and support its conflict with Ukraine.

The administration will broaden export controls to include US-branded goods and identify specific Hong Kong entities shipping to Moscow.

No immediate comments were available from the White House or Commerce Department. These actions coincide with President Biden’s upcoming G7 summit in Italy, where support for Ukraine and efforts to disarm Russia will be key topics.

US officials express frustration over China’s increasing trade with Russia, enabling Moscow to build its military. Given Russia’s economic shift towards the war, there’s a call for broader definitions of US goods under export controls.

Washington also plans significant new sanctions against financial institutions aiding Russian military supply chains.

Attribution: Reuters.