Maldives helping Russia bypass Western sanctions on Semiconductors?
An Indian research firm Export Genius, that provides paid information on trade data, has unravelled a new trail of Russia bypassing US and Western sanctions. This information accessed and verified by NikkeiAsia claims that the Maldives has become a transit point for shipments of semiconductors to Russia. In the year after Russia invaded Ukraine, approximately 400,000 US-made semiconductors worth US$ 53.6 million were shipped to Russia via the Maldives. This information is based on Russian customs clearance data obtained by Export Genius. Thus, the Maldives was second only to China, including Hong Kong, in terms of such imports in the year after the invasion. For a country that has no semiconductor manufacturing facility, the Maldives has managed to export or rather re-export, US semicondu...