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U.S. Trade Secretary Raimondo: Chinese Companies Might Be Punished If They Help Russia

In an interview with the {New York Times), “Gina Raimondo, the Secretary of Commerce, issued a stern warning Tuesday to Chinese companies that might defy U.S. restrictions against exporting to Russia, saying the United States would cut them off from American equipment and software they need to make their products.” https://www.nytimes.com/2022/03/08/technology/chinese-companies-russia-semiconductors.html

Raimondo targeted by name Semiconductor Manufacturing International Corporation: Russia “is certainly going to be courting other countries to do an end run around our sanctions and export controls,” Raimondo said. But if the United States were to find that a company like the Semiconductor Manufacturing International Corporation, in Shanghai, was selling its chips to Russia, “we could essentially shut SMIC down because we prevent them from using our equipment and our software,” she said.

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