US Sanctions Office Probes Companies Over Chips in Russia’s War
- US, EU increasingly concerned about Russian sanctions evasion
- US analyzing data from over 600 distributors selling to Russia
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The Treasury’s sanctions office is investigating several US and foreign companies for shipments of chips with military applications that ultimately end up in Russia, according to a US official.
The investigations by the Office of Foreign Assets Control, or OFAC, are part of a broader effort to crack down on firms around the world that help Moscow get around restrictions imposed by Western nations to keep its war apparatus against Ukraine going. Names of the specific firms being probed weren’t immediately available.