2 Canadian companies on U.S. sanctions list accused of supplying Russia’s war on Ukraine | 24CA News
The United States’ listing of not too long ago sanctioned entities for alleged assist for Russia’s struggle effort in Ukraine contains two Canadian corporations, U.S. and Canadian authorities mentioned on Monday.
The two electronics distribution corporations from Montreal – CPUNTO Inc and Electronic Network Inc – have been listed for “acting contrary to the national security or foreign policy interests of the United States” and are topic to U.S. export restrictions, in keeping with the U.S. Commerce Department.
The U.S. authorities on Thursday known as on corporations to make sure they adjust to Russia-related sanctions imposed after Moscow’s invasion of Ukraine, warning {that a} failure to take action may result in potential prosecution or enforcement actions.
The Commerce Department not too long ago imposed export curbs on practically 90 Russian and third-country corporations and prohibited them from shopping for objects similar to semiconductors.
The Canada Border Services Agency mentioned the 2 sanctioned corporations have been recognized as a part of a “global effort” to assist Russia and that it labored with the U.S. Bureau of Industry and Security to limit Russian entry to applied sciences.
The Commerce Department listing didn’t point out what the 2 corporations shipped or tried to ship that triggered U.S. motion.
Alexander Yermukov, a director at CPUNTO, instructed 24CA News his agency took this matter “very seriously, as we have always been acting in good faith without intention to defraud, deceive or in any way act maliciously.” He added the corporate supposed to interact additional to handle the issues however couldn’t touch upon any specifics at this level.
The two corporations didn’t instantly reply to Reuters requests for remark.
(Reporting by Kanishka Singh in Washington; Editing by Tomasz Janowski and Himani Sarkar)
