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US ⁇ den ⁇ Russia ⁇ sanctions: Companies from Turkey are also on the list

by the Logistics TransportIn the Category: Logistics

A Turkish citizen and some Turkish-based companies were also included in the aforementioned sanctions list of 400 people and institutions announced by the USA against Russia.

While the Russia-Ukraine war has been going on for more than 2 years, the U.S. Department of Finance and the State Department announced sanctions on more than 400 people and companies on Friday (August 23rd) on the grounds that they support Russia's war in Ukraine. The sanctions list, which includes various individuals and organizations from China, Russia, Europe and the Middle East, included a name with Turkish citizenship and companies based in Turkey.

⁇ WORKED ON MÜHİMMAT AND WEAPON SUPPLY ⁇

According to the news of Ezel Şahinkaya ⁇ from Turkish, the first of the Turkish-linked persons and organizations in the ministry's statement is Giulio Sfoglietti, an Italian citizen. According to the statement, Sfoglietti became part of a supply network for the Russian army, including a facilitator from Turkey to acquire military equipment, ammunition and weapons worth more than $150 million from potential suppliers in Africa, Asia, the Caucasus, Central Asia and Iran. In the statement, the US Ministry of Finance stated that Hayri Tahirbeyoğlu ⁇ , a Turkish citizen and chairman of the board of directors of Taha Savunma Sanayi ve Ticaret Anonim Şirketi ⁇ , a Turkish-based ammunition, weapons and military equipment company, is working on the supply of ammunition and weapons for the possible use of Sfoglietti and Russia ⁇ .

⁇ CREATED NETWORK ON COMPANIES IN THREE COUNTRIES ⁇

The Ministry also announced that the Russia-based company Promtekh, which the US has listed on its sanctions list in the past, has sent high-priority goods to Promtekh subsidiaries by creating a network through companies located in Turkey, France and Hong Kong.

The Ministry noted that Enütek Makina Sanayi ve Ticaret Limited Şirketi, based in Turkey, was established in December 2022 by Industrial Technologies Group France, based in France, a sister company of one of Promtekh ⁇ 's subsidiaries. According to the U.S. Department of Finance, Enütek in Turkey has shipped hundreds of technologies to some Promtekh subsidiaries that the U.S. has included in its sanctions list in the past, including high-priority dual-use technologies such as electronic integrated circuits and ceramic capacitors.

Another company that sells goods from Turkey to Promtekh subsidiaries, Confienza Gıda Pazarlama ve Ticaret Anonim Şirketi, was also included in the list. Confienza shipped more than 200 ⁇ to a subsidiary of Promtekh ⁇ , including high-priority dual-use technologies.

⁇ CONNECTED WITH RUSIA ⁇ 'S EMPLOYMENT SERVICES... ⁇

The statement also included Whitestone Informatics Trade and Industry Limited Company in Turkey owned by Evgenii Stanislavich Petrov ⁇ , which is currently on the sanctions list of the USA. Founded in October 2023, Whitestone ⁇ un was used by Petrov to process payments for procurement activity to end users in Russia ⁇ connected with Russia ⁇ 's intelligence services.

Finally, two companies based in Turkey took part in the statement on the grounds that they supply production equipment to Russia. It was stated that Hidropark Hydraulic Pneumatic Industry and Trade Limited Company, which is on the list, supplied numerically controlled machine tools and machining centers to end users in Russia, as well as sold hydraulic and pneumatic equipment. The company shipped over $800,000 to buyers in Russia, which is higher than the company's reported annual revenue.

According to the statement, another Turkey-based company, Feva Foreign Trade Limited Company, also supplied numerically controlled machine tools to buyers in Russia. The company shipped more than 500 ⁇ including production equipment to end users in Russia ⁇ and sold goods to the Russian company Limited Liability Company AK Microtech ⁇ e, which was sanctioned by the USA ⁇ in the past.

SEPARATE CONSTRUCTIONS FROM TURKEY TO EIGHT COMPANIES

On Friday, it was also announced in the official newspaper of ABD ⁇ that 123 new organizations were added to the U.S. Department of Commerce's export checklist. 63 of these organizations are located in Russia, 42 in China and 8 in Turkey. According to the 56-page document in the official newspaper, it was determined that these organizations acted against the national security or foreign policy interests of ⁇ ABD ⁇ .

In the list in the document, the name of one of the companies in Türkiye ⁇ was not clearly specified, it was defined as ⁇ Address 01 ⁇ . In the list, companies from Turkey are listed as follows: ⁇ Address 01, All Global Trading Electronic Dis Ticaret Ltd Sti, ASR Trans Lojistik ve Dis Tic Ltd Sti, Biopharmist Medical Products Dis Ticaret LTD STI, BRK International Transport Tic. Ltd. Sti, BuyBest Electronic, Confienza Pazarlama ve Ticaret Anonim Şirketi and Turkik Union Digital Technology Donusum Ofisi. ⁇ In this list, only Confienza was included in the list of sanctions announced on Friday by the U.S. Ministry of Finance and the State Department ⁇ regarding Russia.

Canada Prepares to Close Railways Due to Business Dispute

by the Logistics TransportIn the Category: Logistics

North American industrial groups and transporters, Canada's two largest railway companies Canadian National Railway (TSX:CNR) and Canadian Pacific (NYSE:CP) face the possibility of a significant outage as Kansas City may experience a simultaneous downtime. This situation, which could lead to billions of dollars in economic damage, has led to widespread concern due to Canada's great dependence on rail transport for various goods such as grain, cars and coal.

Greg Northey, Pulse Canada's vice president of public affairs, described the possible pause as a catastrophe, stressing the severity of the impact it would have on the transport of goods.

The stalemate of negotiations between the railway companies and the Teamsters union led to accusations of mutual misconduct. Both rail operators said they would start laying off workers on August 22 if an employment agreement was not reached, and the union said it was ready to go on strike on the same date.

Sector groups are calling on the Liberal government, led by Prime Minister Justin Trudeau and Labour Minister Steven MacKinnon, to intervene and prevent work stoppage action. The importance of railways is about 380 billion C per year.$ of $277 billion. $) is emphasized by the transportation of goods of value. The Canadian Business Council described the cut as eerie, citing the potential impact on millions of Canadian jobs.

The impending pause also threatens to affect U.S. freight traffic due to close economic ties between Canada and the United States. Canada's Approximate %It exports 75 ⁇ to ABD ⁇ and the railway networks of CN and CPKC ⁇ are connected to many major railway and transportation centers of ABD ⁇ .

CN has announced that it will impose embargoes on new reservations for dangerous goods, safety-sensitive cargoes or refrigerated containers from Canada starting Thursday, and on all intermodal traffic from various U.S. hubs starting Friday.

U.S. rail operator Norfolk Southern (NYSE:NSC) has also imposed embargoes on dangerous and safety-sensitive cargo to or from CN and CPKC ⁇ 's networks.

The possible rail disruption prompted U.S. logistics firm C.H. Robinson ⁇ u to look for additional truck capacity on both sides of the border. Scott Shannon, one of the company's senior executives, highlighted the unprecedented level of disruption that could occur if all trains in Canada stopped.

As pressure on the government to address the situation increases, industry groups point out that Minister MacKinnon ⁇ has the authority to refer the dispute to the country's labour relations board, which could prevent a pause. MacKinnon said he prefers a solution that has been negotiated so far.

The economic repercussions of the railway stoppage are already being calculated. Morgan Stanley warned customers earlier this week that Glencore ⁇ un (OTC:GLNCY) could lose more than $100 million a week in pre-tax earnings due to a disruption of coal shipments from its Elk Valley Resources unit. Meanwhile, the Chemical Industry Association of Canada has raised concerns about chlorine shipments, which are vital to maintaining drinking water quality.

CEO Bob Masterson highlighted the inadequacy of trucking resources to compensate for rail capacity, stressing that there is typically no viable alternative to rail transport for the volume of goods transported.

The currency conversion rate mentioned is 1 $ ⁇ 1.3721 Canadian dollars.

Reuters contributed to this article.

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