In a bid to counter Russia’s efforts to bypass Western sanctions, the U.S. government is set to broaden its sanctions on the sale of semiconductor chips and other goods to Russia. The new sanctions will also target third-party sellers in China.
What Happened: The Biden administration is planning to announce the expansion of existing export controls, including U.S.-branded goods, not just those produced in the United States, Reuters reported, citing sources familiar with the plans. The announcement is expected to be made on Wednesday.
The new sanctions are part of a broader strategy to counter Russia’s attempts to evade Western sanctions and support its war efforts against Ukraine. The U.S. will also identify specific Hong Kong entities that are involved in shipping goods to Moscow.
White House spokesperson John Kirby had earlier hinted at new sanctions and export controls against ...