The U.S. is targeting Russia’s technology sector in the latest round of sanctions aimed at punishing Moscow over its invasion of Ukraine. The Treasury’s Office of Foreign Assets Control said Thursday it is targeting operators in the sector “to prevent it from evading unprecedented multilateral sanctions and procure critical western technology.” Treasury is designating 21 entities and 13 individuals as part of its crackdown, it said in a news release. Among the tech companies sanctioned is Joint Stock Company Mikron, the largest Russian manufacturer and exporter of microelectronics.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
