Compliance Firm Identifies Turkish Company Potentially Violating Russia Sanctions
Turkish trading company Cncform Group is selling computer numerical control machines to Russian importers with ties to sanctioned Russian aviation companies and military end users, according to compliance risk advisory firm Kharon.
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Kharon said last week that Cncform, founded in July 2022, obtained the machines from manufacturers and distributors in Japan, Germany, Australia and elsewhere as recently as October. It said trade and customs data shows the company has shipped those machines to Russian importers connected to the country’s military and aviation sector, which are reported to use the machines.
The firm noted that the Treasury Department last year included the computer numerical control machines in its list of “critical items” Moscow is seeking to buy for its military. The U.S. issued an executive order in December that allows it to sanction financial institutions helping to facilitate the transfer of those critical items to Russia (see 2312220023).