"MegaFon" under US sanctions

The US Treasury Department has updated the sanctions lists, adding new Russian companies, including the operator MegaFon. The agency also set a deadline of July 11 for completing transactions with MegaFon.

MegaFon stated that they consider the decision of the US Treasury Department unfair and illegal. "We are a commercial company providing services of high social importance to millions of customers. We intend to challenge these restrictions in every way available to us," MegaFon said.

At the same time, the US Department of Commerce added 10 Russian legal entities to its blacklist, as well as a number of companies from China, Armenia, Syria and Turkey. Among them is the Promelectronica group of companies, which is one of the largest suppliers of electronic components in Russia.

The US administration believes that the Chinese companies Allparts Trading, Avtex Semiconductor Limited, ETC Electronics Ltd, Maxtronic International and STK Electronics, as well as the Russian ETC Electronics and West-Ost LLC "tried to circumvent US export controls" and acquire American products for the Russian military-industrial complex. And some companies from Spain, Syria, the UAE and Malta "helped send Iranian unmanned aerial vehicles, specialists and related equipment from Iran to Russia, which ultimately helped strengthen the Russian military and defense industrial base".