: US imposes new sanctions against Russian companies

11:44 Jul. 2, 2016

US imposes new sanctions against Russian companies

People wave wave American flags (AP photo)

Five Russian business entities are sanctioned on the grounds of the Iran, North Korea, and Syria Nonproliferation Act 

The United States have impoosed sanctions on a number of foreign companies, including five Russian business entities. The updated sanctions list includes such Russian businesses as Kuntsevo Design Bureau, Kolomna Design Bureau of Machine-Building, and the 150th Aircraft Repair Plant, according to the announcement by the U.S. Department of State ahead of the official publication scheduled for July 5.

Against the two companies – NPO Mashinostroyeniya and Instrument Building Design Bureau from Tula – the sanctions earlier imposed in September 2015 will be prolonged.

The Russian business entities are suspected of supplies to Iran, North Korea, and Syria of prohibited technology which can be used for the production of weapons of mass destruction or cruise or ballistic missile systems.

Read also EU officially prolongs sanctions against Russia

 

The sanctions list within the framework of nonproliferation measures contains 40 companies and individuals from China, Iraq, Iran, Malaysia, North Korea, Sudan, Syria, and Uganda.

Besides the Russian companies, the economic restrictions are introduced against Belarus-based Belvneshpromservice

The sanctions also extend to the subsidiary and affiliated structures of the mentioned companies. "No department or agency of the United States Government may procure or enter into any contract for the procurement of any goods, technology, or services" from these companies. The U.S. Government is also banned from providing "any assistance" to these companies, and these companies "shall not be eligible to participate in any assistance program of the United States Government."

The sanctions will be enforced for two years.

Reporting by UNIAN

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