One wholesale trading company is an example of how supply channels to Russia remained open despite Western export restrictions and bans. At least $2.6 billion in electronic components flowed into Russia in the seven months to Oct. 31, customs records show
In March this year, a new firm appeared in Turkey’s corporate registry. Azu International Ltd Sti described itself as a wholesale trader of IT products, and a week later began shipping U.S. computer parts to Russia.
Azu International’s rapidly growing business didn’t come from a standing start, Reuters reporting shows: Agvaz manages a wholesaler of IT products in Germany called Smart Impex GmbH. Before the invasion, Russian custom records show that the German company shipped American and other products to a Moscow customer that recently has imported goods from Azu International.
Azu International describes itself as a wholesale trader in IT products. Its offices are inside this business center in Istanbul. REUTERS/Dilara Senkaya Another Russian importer, OOO Titan-Micro, registered an address that's a house in a forest on the northern edge of Moscow. It, too, has imported Western computer components since the invasion, according to the customs records.
Similarly, a spokesperson for AMD said the firm “strictly complies” with all export regulations and has suspended sales and support for its products in Russia. “That includes requiring all AMD customers and authorized distributors” to stop selling AMD products into Russia. A spokesperson for the U.S. Department of Commerce said, “Since the start of the invasion, Russia’s access to semiconductors from all sources has been slashed by nearly 70 percent thanks to the actions of the unprecedented 38 nation coalition that has come together to respond to Putin’s aggression. It is no surprise that Russia is working hard to circumvent controls.”
Pixel Devices’ current owner is a Singapore company, Asia Global Neolink Pte Ltd, which in turn is owned by a Seychelles company called White Wings Ltd, according to Hong Kong and Singapore company records. Pixel Devices’ only director at present is Pere Roura Cano, a Spaniard, who is also listed as a director of Asia Global Neolink and runs an aviation club in Catalonia.
Pixel Devices said it couldn’t confirm the accuracy of the values found by Reuters of the company’s exports of electronics to Russia; it didn’t provide its own figures. It also noted that export restrictions aren’t universal and there isn’t a complete ban on the export of IT equipment to Russia. The company said it doesn’t sell to entities controlled by sanctioned individuals.
Devastation in the Ukrainian town of Vyshhorod after a Russian missile attack in November. REUTERS/Gleb GaranichNot every Russian company is reluctant to discuss how to deal with export restrictions. A Moscow-based logistics firm, OOO Novelco, has been advising Russian businesses on how to continue importing foreign goods.
In interviews with Russian media and in a series of posts on LinkedIn, Grigoriev described recent trade restrictions on Russia as tantamount to erecting an “iron curtain” around his country. “We ourselves increase the risks of sanctions by publicly reporting on who will carry what and from where,” Evgeny Krivosheev, F+ tech’s head of production and development, wrote in a blog post, which was published by Russian business daily Vedomosti and on the company’s website. “Such publicity attracts unnecessary attention.”
Elmec Trade’s general manager, Aleksandr Fomenko, told Reuters that his company buys its products through official channels, follows all legal requirements and complies with all sanctions and export restrictions. Take the case of AO GK Radiant, a Moscow-based distributor of computer chips and other electronic parts that celebrated its thirtieth anniversary in June. It states on its website that its objective is to provide Russian clients with “the best solutions from global manufacturers.”
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