Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

US Imposes Sanctions on 3 Russian Companies


Tue 24 Nov 2020 | 06:17 PM
H-Tayea

On Tuesday, the US Department of State decided to impose sanctions on three Russian companies, including, Aviazapchast, Elecon and Nilco Group due to their violation of the US non-proliferation legislation in respect of Iran, North Korea and Syria.

The US Department of State posted a relevant notice in the Federal Register.

According to the document published by the State Department, the decision on restrictive measures came into force on November 6.

The sanctions also apply to Chinese companies Chengdu Best New Materials Co Ltd. and Zibo Elim Trade Company, Ltd. Restrictions cover "any successor, sub-unit, or subsidiary" of mentioned companies.

It will be effective for two years but their term can be reduced or terminated by a decision of the US secretary of state.

Restrictive measures ban US government departments or agencies from making procurement contracts with these companies, providing them with assistance, selling them defense items and granting them licenses for items subjected to export control.