AVN 64.96 Decreased By ▼ -0.04 (-0.06%)
BAFL 30.90 Decreased By ▼ -0.25 (-0.8%)
BOP 4.74 Increased By ▲ 0.03 (0.64%)
CNERGY 3.94 Increased By ▲ 0.06 (1.55%)
DFML 13.59 Decreased By ▼ -0.11 (-0.8%)
DGKC 41.67 Increased By ▲ 0.40 (0.97%)
EPCL 46.55 Decreased By ▼ -0.14 (-0.3%)
FCCL 11.35 Decreased By ▼ -0.07 (-0.61%)
FFL 5.04 No Change ▼ 0.00 (0%)
FLYNG 5.80 Decreased By ▼ -0.02 (-0.34%)
GGL 9.97 Increased By ▲ 0.02 (0.2%)
HUBC 65.10 Increased By ▲ 1.00 (1.56%)
HUMNL 5.70 Increased By ▲ 0.05 (0.88%)
KAPCO 27.99 Increased By ▲ 0.19 (0.68%)
KEL 2.17 Increased By ▲ 0.04 (1.88%)
LOTCHEM 24.66 Increased By ▲ 0.36 (1.48%)
MLCF 21.37 Decreased By ▼ -0.03 (-0.14%)
NETSOL 84.40 Increased By ▲ 0.20 (0.24%)
OGDC 87.50 Decreased By ▼ -0.44 (-0.5%)
PAEL 11.00 Increased By ▲ 0.10 (0.92%)
PIBTL 4.23 Increased By ▲ 0.05 (1.2%)
PPL 77.10 Decreased By ▼ -0.60 (-0.77%)
PRL 13.86 Increased By ▲ 0.24 (1.76%)
SILK 0.90 Increased By ▲ 0.01 (1.12%)
SNGP 41.75 Decreased By ▼ -0.18 (-0.43%)
TELE 5.85 Decreased By ▼ -0.02 (-0.34%)
TPLP 15.85 Increased By ▲ 0.07 (0.44%)
TRG 111.80 Decreased By ▼ -0.50 (-0.45%)
UNITY 13.95 No Change ▼ 0.00 (0%)
WTL 1.14 Increased By ▲ 0.01 (0.88%)
BR100 4,061 Increased By 13.2 (0.33%)
BR30 14,494 Increased By 27.3 (0.19%)
KSE100 40,727 Increased By 53.7 (0.13%)
KSE30 15,242 Increased By 51.9 (0.34%)
Follow us

The Biden administration on Wednesday added 24 companies and other entities to an export control list for supporting Russia’s military or defense industrial base, Pakistan’s nuclear activities or for supplying an Iranian electronics company.

The entities, based in Latvia, Pakistan, Russia, Singapore and Switzerland, were added over U.S. national security and foreign policy concerns, the Commerce Department said.

The companies include Fiber Optic Solutions in Latvia, which produces fiber optic gyroscopes and other equipment and Russia’s AO Kraftway Corporation PSC, which calls itself one of the biggest Russian IT companies. The company says it builds and sells a wide range of IT solutions including hardware manufacturing.

Also on the list are Russian AO Scientific Research Center for Electronic Computing, LLC Fibersense, and Scientific Production Company Optolin, AO PKK Milandr; Milandr EK OOO; Milandr ICC JSC; Milur IS, OOO; (OOO) Microelectronic Production Complex (MPK) Milandr; and Ruselectronics JSC and Swiss based Milur SA.

US has not seen transfer of Iranian ballistic missiles to Russia: Kirby

The Commerce Department also added four trading and supply companies in Singapore for supplying or attempting to supply an Iranian electronics company, Pardazan System Namad Arman (PASNA), that was sanctioned by the U.S. Treasury in 2018.

The Biden administration also added 10 companies in Pakistan and UAE that it says pose unacceptable risks of using or diverting items for Pakistan’s unsafeguarded nuclear activities or are involved Pakistan’s “nuclear activities and missile proliferation-related activities.”

None of the companies was immediately available for comment.

The United States has made muscular use of export controls and the entity list to punish companies over their support of the Russian military and to curb the flow of foreign technology to Russia since Moscow invaded Ukraine in February.

Suppliers of U.S. goods must seek a special a difficult-to-obtain license before shipping to companies added to the list.

Comments

Comments are closed.

US blacklists companies for aiding Russian military

Intra-day update: rupee maintains positive momentum against US dollar

Fitch says PKR to further weaken

Country braces for fuel shortages?

IMF revises GDP growth projections downward

Govt plans to convert Rs800bn PHL debt into public debt

Former CM Parvez Elahi claims his residence raided by police

Nepra FCA decision: Power Div proposes revision

KE, Discos: Nepra approves negative tariff adjustments

Jul-Dec: govt has borrowed $5.595bn

Paracetamol: govt to allow increase in price