EconomyLens.com
No Result
View All Result
Saturday, November 8, 2025
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Economy

US slaps sanctions on leaders of Russia software firm Kaspersky

Natalie Fisher by Natalie Fisher
June 21, 2024
in Economy
Reading Time: 6 mins read
A A
2
36
SHARES
452
VIEWS
Share on FacebookShare on Twitter

The US Commerce Department said it would prohibit the sale of Kaspersy's software in the United States. ©AFP

Washington (AFP) – The United States unveiled sanctions Friday against 12 top leaders of the Russia-based cybersecurity firm Kaspersky Lab, a day after banning the sale of its popular antivirus software on national security grounds.

Related

Nexperia chip exports resuming: German auto supplier

Inside Germany’s rare earth treasure chest

Trump unveils deals to lower costs of some weight-loss drugs

Merz backs EU plan to protect steel sector from Chinese imports

Merz backs EU plan to protect steel sector from Chinese imports

The widespread sanctions target many of Kaspersky Lab’s most senior leaders, including its chief operating officer, while sparing the chief executive and the company itself, the Treasury Department said in a statement announcing the designation.

“Today’s action against the leadership of Kaspersky Lab underscores our commitment to ensure the integrity of our cyber domain and to protect our citizens against malicious cyber threats,” said the US Treasury’s under secretary for terrorism and financial intelligence, Brian Nelson.

“The United States will take action where necessary to hold accountable those who would seek to facilitate or otherwise enable these activities,” he added.

The Treasury sanctions come a day after the Commerce Department said it was banning the Moscow-headquartered cybersecurity firm from providing its popular antivirus products in the United States. That announcement came after a lengthy investigation which, the Commerce Department said, found that Kaspersky’s “continued operations in the United States presented a national security risk due to the Russian government’s offensive cyber capabilities and capacity to influence or direct Kaspersky’s operations.”

The move is the first such action taken since an executive order issued during Donald Trump’s presidency gave the Commerce Department the power to investigate whether certain companies pose a national security risk.

Kaspersky, in a statement to AFP, said the Treasury’s sanctions were “unjustified and baseless,” adding that they were based on geopolitical concerns rather than a “comprehensive evaluation” of the integrity of its products and operations. “Neither Kaspersky nor its management team has any ties to any government,” it continued, calling the Treasury’s allegations “pure speculation, which lacks concrete evidence of a threat posed to US national security.”

Moscow hit out at the decision to ban the sale of Kaspersky’s antivirus software. “Kaspersky Lab is a company which is very, very competitive on the international level,” Kremlin spokesman Dmitry Peskov said Friday. “This is a favorite method of unfair competition from the part of the United States. They resort to such tactics every time.”

– ‘Unacceptable’ risk –

US State Department spokesperson Matthew Miller said Friday that the company was subject to the “jurisdiction, control, or direction of the Russian government, which could exploit the privileged access to obtain sensitive data.” This poses “an unacceptable risk to US national security or the safety and security of US persons,” he added in a statement.

While Kaspersky is headquartered in Moscow, it has offices in 31 countries around the world, serving more than 400 million users and 270,000 corporate clients in more than 200 countries, according to the Commerce Department. The latest sanctions target many senior leaders at Kaspersky, including long-serving chief operating officer Andrei Tikhonov and chief legal officer Igor Chekunov, the Treasury Department said. Other individuals sanctioned include the firm’s deputy CEO Daniil Borshchev, chief business development officer and board member Andrei Efremov, and its head of corporate communications, Denis Zenkin.

© 2024 AFP

Tags: cybersecuritykaspersky labsanctions
Share14Tweet9Share3Pin3Send
Previous Post

French left vows new taxes as snap election draws near

Next Post

Tech rally ebbs, leaves Wall Street adrift

Natalie Fisher

Natalie Fisher

Related Posts

Economy

Teetering Belgian government given more time to agree budget

November 6, 2025
Economy

Battered US businesses eye improved China trade at Shanghai expo

November 6, 2025
Economy

German steel industry girds for uncertain future

November 6, 2025
Economy

German steel industry girds for uncertain future

November 6, 2025
Economy

US to cancel flights as longest govt shutdown drags on

November 6, 2025
Economy

Budget impasse threatens Belgium’s ruling coalition

November 6, 2025
Next Post

Tech rally ebbs, leaves Wall Street adrift

Dior offers laid-back style on a feline cat-walk

US existing home sales fall as prices hit record

Barcelona aims to become Airbnb-free zone by 2029

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
2 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

New York ruling deals Trump business a major blow

79

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

Worries over AI spending, US government shutdown pressure stocks

November 7, 2025

Worries over AI spending, US government shutdown pressure stocks

November 7, 2025

At COP30, nations target the jet set with luxury flight tax

November 7, 2025

Will ‘war profiteer’ Norway come to Ukraine’s financial rescue?

November 7, 2025
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.