US Sanctions Russia’s Sistema and Dual-Use Network

The US imposed sanctions Thursday on one of Russia’s largest publicly traded holding companies, Sistema PJSC, in a new package of restrictions also targeting firms in China, Turkey and the United Arab Emirates that are said to provide dual-use items for President Vladimir Putin’s war in Ukraine.

In addition, the Treasury Department sanctioned Sistema subsidiaries in Luxembourg, Russia and Singapore and said any entity in which Sistema has an ownership stake of 50% or more would be subject to blocking sanctions. Sistema was already sanctioned by the UK soon after Russia’s invasion of Ukraine.

The sanctions were part ...