Thursday, June 20, 2024
A New Take On Journalism


The U.S. extends know-how restrictions to Belarus and the Russian oil business.

By , in Politics , at March 2, 2022

The Biden administration ramped up restrictions on exporting sure applied sciences to Russia and Belarus on Wednesday, actions it mentioned would degrade the power to maintain a navy marketing campaign in opposition to Ukraine.

The brand new controls will stop American firms from exporting sure delicate objects that will assist protection, aerospace and maritime industries in Belarus, which the administration mentioned had aided Russia’s invasion of Ukraine. That transfer will prolong to Belarus the same restrictions the US positioned on Russia on Feb. 24, stopping objects like know-how and software program from being routed by Belarus to restricted sectors in Russia, the division mentioned.

Firms around the globe that use American software program or know-how to fabricate their merchandise additionally shall be barred from sending sure delicate objects to Belarus, whereas Belarusian navy entities will face even harder limitations on the worldwide items they’ll buy.

The Commerce Division additionally mentioned it could take motion to stem the circulate of necessary applied sciences to Russian oil refineries, which offer a key income supply for the Russian navy. The Biden administration beforehand prevented imposing sure monetary sanctions on the Russian oil and pure gasoline industries to be able to keep the worldwide power provide and keep away from fueling inflation. However the administration mentioned the measure would take impact over time, steadily degrading Russia’s standing as an power provider with out harming American customers.

Sure firms and establishments which have supported the Russian or the Belarusian navy can even be added to a blacklist that locations restrictions on their buy of American merchandise.

Gina M. Raimondo, the secretary of commerce, mentioned the resolve of the Ukrainian folks had “galvanized a strong worldwide response.”

“The Commerce Division will proceed to steer robust, coordinated motion with our world allies and companions to use most stress on Russia, its enabler Belarus and some other events that will search to assist them,” she mentioned.

Comments


Leave a Reply


Your email address will not be published. Required fields are marked *