US and allies block tech exports to Russia in response to invasion of Ukraine

Protesters hold a sign with a picture of Russian President Vladimir Putin that says

Enlarge / Ukrainians dwelling in Greece reveal in entrance of the Russian consulate in Thessaloniki on February 24, 2022, after Russia invaded Ukraine. (credit score: Getty Photographs | Sakis Mitrolidis )

In response to Russia’s invasion of Ukraine, the US and allies are imposing sanctions that “will reduce off greater than half of Russia’s high-tech imports, limiting Russia’s entry to very important technological inputs, atrophying its industrial base, and undercutting Russia’s strategic ambitions to exert affect on the world stage,” the White Home mentioned on Thursday. The sanctions are a “response to Putin’s conflict of alternative in opposition to Ukraine” and “impose extreme prices on Russia’s largest monetary establishments,” the White Home mentioned.

For exports to Russia, “US corporations should now acquire licenses to promote computer systems, sensors, lasers, navigation instruments, and telecommunications, aerospace, and marine gear. America will deny nearly all requests,” a Reuters article defined. “The brand new guidelines additionally power corporations making tech merchandise abroad with US instruments to hunt a US license earlier than delivery to Russia,” Reuters wrote, noting that comparable restrictions had been beforehand utilized to Chinese language tech big Huawei.

In accordance with the White Home announcement, “nations that undertake considerably comparable export restrictions are exempted from new US licensing necessities for gadgets produced of their nations.” The European Union, Australia, Japan, Canada, New Zealand, and the UK are imposing comparable sanctions.

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