US Imposes New Sanctions Related to Russia... Including One Korean National

On the 12th (local time), the U.S. administration under Joe Biden imposed sanctions on third-country individuals and companies that supported Russia's war against Ukraine, including South Koreans.

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) newly sanctioned 150 entities or individuals from China, T?rkiye, the United Arab Emirates (UAE), and other countries who assisted Russia in acquiring military supplies, machinery, and equipment.

The list of sanctioned individuals included a South Korean national, Mr. Lee (61 years old). The Treasury introduced him as "a key procurement agent for AK Microtech (a Russian company)" designated by the U.S. as a sanctioned entity. AK Microtech, which was blacklisted by the U.S. Treasury in July, specializes in transferring foreign semiconductor technologies to Russian electronics companies. The Treasury explained that Mr. Lee helped AK Microtech acquire various technologies and equipment necessary for semiconductor production from manufacturers in South Korea, Japan, and the United States.

Once designated as a sanction target by the U.S. government, Americans and U.S. companies are prohibited from dealing with the sanctioned parties. Additionally, sanctioned individuals cannot visit the United States, and their assets within the U.S. are frozen. U.S. Secretary of State Anthony Blinken stated in a press release that "the United States and its allies and partners remain united in continuously supporting Ukraine against Russia's unjustified, unfair, and illegal war," and pledged to hold accountable those who support Russia's war in the future.

This content was produced with the assistance of AI translation services.