EU imposes sanctions on Armenian company

Armenia's Taco Open Joint Stock Company was also included in the 11th package of sanctions imposed by the European Union on Russia.

According to information, the sanction list of the Office of Foreign Assets Control ("OFAC") of the US Department of the Treasury includes two companies registered in Armenia: Taco and Milur Electronics.

According to the listing, both companies are engaged in the wholesale of electronic products. Taco is affiliated with Russian electronics dealer RADIOAUTOMATIC and Milur Electronics with integrated circuit designer Milandr of Russia.