U.S. sanctions Armenia-based company over Russia

U.S. sanctions Armenia-based company over Russia

PanARMENIAN.Net - The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has designated two third-country entities, including one in Armenia, supporting Radioavtomatika, a U.S.- designated Russian defense procurement firm that specializes in procuring foreign items for Russia’s defense industry.

“Sinno Electronics Co., Limited (Sinno), a People’s Republic of China supplier of Radioavtomatika, and Taco LLC (Taco), an Armenian supplier. Sinno, with awareness of restrictions on exports to Russia, has maintained a continuing relationship with Radioavtomaika before and after Russia’s further invasion of Ukraine. In June, Sinno was placed on Commerce’s Entity List for providing support to Russia’s military and/or defense industrial base and for continuing to contract to supply Russian entity listed and sanctioned parties after Russia’s further invasion of Ukraine,” the Department of the Treasury said on Friday, September 30.

“Radioavtomatika pays Taco for importing components and handling the procurement process within Armenia. Furthermore, both Sinno and Taco have interacted with each other in relation to their work with Radioavtomatika.

The Treasury noted that both Sinno and Taco were designated pursuant for having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services to or in support of Radioavtomatika.

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