The activities of a M’sian company sanctioned by the US are ‘not registered’

PETALING JAYA – The Malaysian company that is allegedly facing US sanctions over allegedly supplying military components to Russia has not been registered to carry out such activities, according to the Investment, Trade and Industry Ministry.

The country has a trade management system through the Strategic Trade Act 2010 (STA), which regulates exports, transits, transshipments, and brokers of strategic items with potential military application.

Jatronics Sdn Bhd hasn’t applied for an export permit and isn’t registered under STA, according to records.

Malaysia, according to the Ministry, adheres strictly to the UN Security Council Resolutions and multilateral sanctions, including the list of restricted or prohibited users.

The report added, “Russia is not listed in UNSCR. Therefore it is not included in STA.”

Jatronics confirmed it was not a manufacturer of semiconductors, but rather a company that specializes in semiconductor products and fabrication.

The statement was made in response to Finance Minister II Datuk Seri Amir Hamzah Azizan’s claim that Jatronics was a trading firm, and not a semiconductor manufacturer.

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