US imposes cyber-related sanctions on Russian, UAE individuals and entities
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The Treasury Department targeted four people and three entities with sanctions, following a US investigation.
PHOTO: REUTERS
- The US sanctioned four people and three entities in Russia and UAE on Feb 24 for harmful cyber tools.
- These sanctions also address the theft of US trade secrets, designated under the Protecting American Intellectual Property Act (PAIPA).
- The action follows a former US contractor selling trade secrets to a Russian entity for US$1.3 million.
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WASHINGTON - The United States on Feb 24 issued Russia and cyber-related sanctions against four people and three entities, including some based in Russia and the United Arab Emirates, according to the Treasury Department website.
The entities and people were targeted “for their acquisition and distribution of cyber tools harmful to US national security,” the Treasury Department said, in a statement.
In a corresponding move, the US Department of State said one of the individuals and the two of the entities hit with sanctions were also designated under the “Protecting American Intellectual Property Act (PAIPA) in connection with theft of trade secrets from US persons.”
The sanctions are related to a US investigation into a former executive of a government contractor for selling trade secrets to a buyer in Russia - one of the entities hit with sanctions -for US$1.3 million (S$1.6 million). REUTERS
