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2 Canadian companies on U.S. sanctions list accused of supplying Russia’s war on Ukraine

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globalnews.ca

The United States’ list of recently sanctioned entities for alleged support for Russia’s war effort in Ukraine includes two Canadian companies, U.S.

and Canadian authorities said on Monday. The two electronics distribution companies from Montreal – CPUNTO Inc and Electronic Network Inc – were listed for “acting contrary to the national security or foreign policy interests of the United States” and are subject to U.S.

export restrictions, according to the U.S. Commerce Department. The U.S. government on Thursday called on companies to ensure they comply with Russia-related sanctions imposed after Moscow’s invasion of Ukraine, warning that a failure to do so could lead to potential prosecution or enforcement actions.

Read more: Canada to send Ukraine 4 more Leopard tanks, lays further Russian sanctions The Commerce Department recently imposed export curbs on nearly 90 Russian and third-country companies and prohibited them from buying items such as semiconductors.

Read more on globalnews.ca
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