Fresh US sanctions to hit Russian shipyards and chipmakers

Washington has slapped sanctions on another 81 Russian companies as a result of Moscow’s role in the Ukraine conflict . Among those facing bans are chipmakers, shipyards, gas firms, and a bridge builder.

After the US Department of the Treasury had updated its list of Russian companies targeted by the sanctions last week, the Department of Commerce followed suit on Wednesday, imposing bans on dozens of Russia-based entities. The Bureau of Industry and Security (BIS) added a total of 81 companies new to its Entity List that had been introduced in 2014 after Russia annexed the Crimean peninsula from Ukraine.

The US authorities noted the banned companies were acting against “the national security or foreign policy interests of the United States.”

“BIS is taking this action to ensure the efficacy of existing sanctions on the Russian Federation for violating international law and fueling the conflict in eastern Ukraine,” the bureau said in the Federal Register, an official daily journal of the US administration.

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