The US has for years used the power of the dollar to cut adversaries off from global finance. Now, it is using the prevalence of American technology to cut Russia off from global chip supplies.
Far-reaching export controls announced by Washington are intended to isolate Russia from the world’s tech economy and stymie its military capabilities, while allowing ordinary citizens in the country to still buy mobile phones, dishwashers and laptops.
The measure is part of a wave of US and western sanctions in retaliation for Russia’s invasion of Ukraine that have also targeted financial institutions, leading companies and the wealthy oligarchs that surround the administration of President Vladimir Putin.
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