The Biden administration on Wednesday added 24 companies and other entities to an export control list for supporting Russia’s Military or defense industrial base, Pakistan’s nuclear activities, or for supplying an Iranian electronics company. The entities, based in Latvia, Pakistan, Russia, Singapore, and Switzerland, were added over US national security and foreign policy concerns, the Commerce Department said. Companies based out of Pakistan in the blacklist are Dynamic Engineering Corporation, EnerQuip Private, Ltd., NAR Technologies General Trading LLC, Trojans, Rainbow Solutions, and Universal Drilling Engineers.
According to a federal register notification, Dynamic Engineering Corporation has been added to the ‘Entity List’ because it poses an unacceptable risk of using or diverting export control items to Pakistan’s unsafe-guarded nuclear activities, contrary to the national security and foreign policy interests of the United States.
The same is the case with Rainbow Solutions, while EnerQuip Private, Ltd., and Universal Drilling Engineers have been added to the list based on their contributions to unsafe-guarded nuclear activities and missile proliferation-related activities.
The companies include Fiber Optic Solutions in Latvia, which produces fiber optic gyroscopes and other equipment, and Russia’s AO Kraftway Corporation PSC, which calls itself one of the biggest Russian IT companies. The company says it builds and sells a wide range of IT solutions, including...
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