Firm facing sanctions for equipment sales to RussiaStaff writer, with CNA, WASHINGTONThe US Department of the Treasury has included a Taiwanese firm in its expanded list of companies and individuals facing possible sanctions for supplying or helping to finance the sale of military technology to Russia for its invasion of Ukraine. Photo: Taipei Times file photoThe new sanctions “designated 14 individuals and 28 entities,” including Taiwan’s Sharp Edge Engineering Inc (銳元科技), “and identified eight aircraft as blocked property,” the statement said. Sharp Edge, based in Taipei’s Neihu District (內湖), began operations on Dec. 13, 2016, and is an electronic components wholesaler, OFAC data showed. The Ministry of Economic Affairs said in a statement yesterday that Sharp Edge is a one-person company established by a Russian national in Taiwan. Since Russia invaded Ukraine, the US has imposed a series of sanctions against Moscow to prevent it from acquiring the military equipment and components needed to support its military, blocking US-related companies from selling equipment and components to Moscow.

Source: Taipei Times November 16, 2022 02:32 UTC