Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
Associate PartnerAssociate Partner
..
Tech
News18 » Tech
1-min read

US Adjusts Sanctions on Selling Technology Goods in Russia

Last December, President Barack Obama's administration completely prohibited US transactions with the FSB in retaliation for Russian interference in the November 8 election.

IANS

Updated:February 3, 2017, 11:02 AM IST
facebookTwitterskypewhatsapp
US President, Donald Trump, US Treasury, Russia, Federal Security Service
US Treasury adjusts sanctions on selling technology goods to Russia. (Image: REUTERS/Mike Segar)

The US Treasury adjusted sanctions on selling technology goods to Russia, including expanding exemptions for the Federal Security Service (FSB), the former KGB spy agency, the entity tasked with authorising licenses for importing technology.

The move on Thursday, was designed to ensure that US businesses in Russia can get import permits granted by the FSB intelligence agency for assorted US technology products, and the Donald Trump administration hastened to deny reports of any "easing" of sanctions on Russia, Efe news agency reported.

"I haven't eased anything," Trump said at a meeting with top executives of motorcycle manufacturer Harley-Davidson.

Also read: Indian IT Firms to Meet Donald Trump Officials on H-1B Visa Reform Concerns

Last December, President Barack Obama's administration completely prohibited US transactions with the FSB in retaliation for Russian interference in the November 8 election, as reported by US intelligence agencies.

But White House press secretary Sean Spicer on Thursday downplayed the Treasury's move saying "From what I understand, it's a fairly common practice for the Treasury Department, after sanctions are in place, to go back and look at whether or not there needs to be specific carve-outs for different industries or products or services."

The adjustment does not allow US firms to sell products to the FSB itself, but rather to other Russian companies and entities, as well as US firms and entities, but it is the FSB that authorises such transactions inside Russia.

The announcement comes after Trump spoke with Russian president Vladimir Putin by phone on Saturday, a conversation touted as a first step toward improving bilateral relations between Washington and Moscow.

Also read: International Research at Stake Under Trump Rule: NZ Scientists

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

| Edited by: Sarthak Dogra
Read full article
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results