US and allies block tech exports to Russia in response to invasion of Ukraine

In response to Russia's invasion of Ukraine, the US and allies are imposing sanctions that "will cut off more than half of Russia's high-tech imports, restricting Russia's access to vital technological inputs, atrophying its industrial base, and undercutting Russia's strategic ambitions to exert influence on the world stage," the White House said on Thursday. The sanctions are a "response to Putin's war of choice against Ukraine" and "impose severe costs on Russia's largest financial institutions," the White House said.

For exports to Russia, "US companies must now obtain licenses to sell computers, sensors, lasers, navigation tools, and telecommunications, aerospace, and marine equipment. The United States will deny almost all requests," a Reuters article explained. "The new rules also force companies making tech products overseas with US tools to seek a US license before shipping to Russia," Reuters wrote, noting that similar restrictions were previously applied to Chinese tech giant Huawei.

According to the White House announcement, "countries that adopt substantially similar export restrictions are exempted from new US licensing requirements for items produced in their countries." The European Union, Australia, Japan, Canada, New Zealand, and the United Kingdom are imposing similar sanctions.