Posted: Thursday, December 8, 2022. 3:45 pm CST.
By Zoila Palma Gonzalez: On Wednesday, the United States Government added 24 companies to an export control list for their part in supporting Russia’s military or defense industrial base, Pakistan’s nuclear activities, or for supplying an Iranian electronics company, Reuters report.
The companies based in Latvia, Pakistan, Russia, Singapore, and Switzerland, were added due to U.S. national security and foreign policy concerns.
The companies includes one of Russia’s biggest IT companies, Russia’s AO Kraftway Corporation PSC. The company says it builds and sells a wide range of IT solutions including hardware manufacturing.
Several other Russian companies were also blacklisted.
Ten companies in Pakistan and the United Arab Emirates were also added citing risks of using or diverting items for Pakistan’s unsafeguarded nuclear activities.
The U.S. has used the list to punish companies for their support of the Russian military.
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