Russia-Ukraine war, the largest armed conflict in Europe since WW2, enters its 781st day.
A Ukrainian serviceman of the Main Directorate of Intelligence of the Ministry of Defense of Ukraine controls a naval drone Magura during demonstration for journalists at an undisclosed location in Ukraine on April 11, 2024. / Photo: AFPThe United States and Britain have taken a joint action to widen a ban on Russia n metals imports in a bid to target the important Russia n revenue source following its 2022 offensive in Ukraine.
The action also limits the use of these metals on global metal exchanges and in over-the-counter derivatives trading, building on previous actions taken by the US and UK governments. These actions would"reduce Russia's earnings while protecting our partners and allies from unwanted spillover effects," she added.
Two senior Biden administration officials, who discussed the sensitive findings on the condition of anonymity, said that in 2023 about 90 percent of Russia’s microelectronics came from China, which Russia has used to make missiles, tanks and aircraft. Nearly 70 percent of Russia's approximately $900 million in machine tool imports in the last quarter of 2023 came from China.
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