The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned 12 entities and 4 individuals based in Russia for operating in the technology and semiconductor sectors. These designations, under Executive Order 14024, target a network procuring foreign-made microchips for Russia's defense industry. The action aims to degrade Russia's ability to sustain its war effort against Ukraine by disrupting key supply chains and further isolating it from the global technology market.