US imposed sanctions on Armenian company

The Biden administration added 71 companies to a trade blacklist for supporting Russia on Friday, as the Group of Seven wealthy nations announced new sanctions on Moscow over its war in Ukraine, APA reports citing Reuters.

The U.S. Commerce Department's action targets support for Russia's military and expands the scope of export controls on Russia and Belarus. The blacklist includes 69 Russian entities, one from Armenia and one from Kyrgyzstan.

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The Armenian company "Medisar", which was added to the list of sanctions, is engaged in the import of industrial and laboratory chemical products.

The new export controls target oil and gas projects in Russia and Belarus, Commerce said. Other companies include aircraft repair and parts production plants, gunpowder, tractor and automobile factories, shipyards and engineering centers in Russia.

Source: Azeri-Press News Agency

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