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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.


Updated:February 3, 2017, 11:02 AM IST
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

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| Edited by: Sarthak Dogra
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