The US Department of State and OFAC sanctioned the global Russian military supply chain
The US Department of State and the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) imposed sanctions against the global Russian military supply chain.
The Russian-based company Milandr is a manufacturer of integrated microcircuits. Milandr produces microelectronic products for Moscow’s military research and weapons.
Milandr set up subsidiary companies in Armenia, Switzerland, and Taiwan. Employees of the company control those subsidiaries directly or indirectly, to expand the integrated microelectronic business or purchase microelectronic components from other Asian companies.
All the properties belonging to those entities on the sanction list in the US are blocked and need to be reported to OFAC. The purpose of the imposed sanctions is to prevent the Russian government from using these technologies to produce weapons to invade Ukraine and other countries.