Tech sanctions imposed against Russia by the U.S. and its allies have proven far more effective than expected in the five weeks that they've been in force, said Biden officials.
Working with allies, the Biden administration imposed sweeping export controls aimed at cutting off Russia's access to semiconductors and other technology goods. | Al Drago/Getty ImagesTechnology sanctions imposed by the United States and its allies to punish Russia for its invasion of Ukraine have proven far more effective than expected in the five weeks that they have been in force, a Commerce Department official said on Wednesday.
Working with allies, the Biden administration imposed sweeping export controls aimed at cutting off Russia’s access to semiconductors and other technology goods needed to run military operations and a modern economy. That includes the use of the Commerce Department’s Foreign Direct Product Rule, which bars exports from third countries if they are made using controlled U.S. technologies.
The United States accounted for only about 5 percent of Russia’s total imports prior to the war, which is why the U.S. needed to work with the European Union, Japan and other allies to implement similar restrictions on technology trade with Russia.
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