President Joe Biden’s administration is widening sanctions on the sale of semiconductor chips and other goods to Russia, targeting third-party sellers in China and elsewhere as it looks to further choke off Vladimir Putin’s war machine in Ukraine.
The Biden Administration on Wednesday will announce changes that broaden the scope of existing export controls and restrictions to target US-branded goods even if they’re not made domestically, according to people familiar with the move who requested anonymity to detail the plans before the announcement.
National Security Council spokesman John Kirby confirmed new measures were coming while declining to discuss specifics. The move comes as Biden prepares to join Group of Seven leaders for a summit in Italy, where one of their top concerns will be securing new ways to bolster aid to Ukraine and further constrain Russia. Biden will meet Thursday with Ukrainian President Volodymyr Zelenskyy.
The US will also publish addresses—without a known company name—on its list of sanctioned entities for the first time, according to the people. That includes eight addresses in Hong Kong that the American government says are linked to reshipments of chips to Russia. The Biden Administration will also detail so-called temporary denial orders related to firms they accuse of flouting restrictions and selling goods, particularly related to Russia’s aviation sector, one of the people said. And the US is expanding restrictions on enterprise software used in Russia, which would have the practical effect of halting updates for that software.
The EU is discussing sanctions on banks in third-party countries that are enabling some of these transactions by using Russian alternatives to the SWIFT payments system, which processes many international money transfers.
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