Jatronics not a chip maker but a trading firm, Miti clarifies
PETALING JAYA: The Malaysian firm said to be facing US sanctions for allegedly supplying components to Russia's military is not a semiconductor manufacturer but a trading company, the Investment, Trade and Industry Ministry (Miti) has clarified.

It said the company, Jatronics Sdn Bhd, trades in semiconductor products and fabrication services.

In a statement on Wednesday (June 5), Miti stressed that the country enforces trade management through the Strategic Trade Act (STA) 2010, which regulates the export, transit, transshipment and brokering of strategic items, especially those with potential military applications.

"Based on records, Jatronics is not registered (for such activities) under STA and has not applied for export permits," it said.

ALSO READ: Miti to probe report of sanctions on semiconductor firm

The ministry also said Malaysia adhered to multilateral sanctions and the restricted or prohibited end-user list under the UN Security Council Resolutions (UNSCR).

"Russia has not been listed by UNSCR and therefore is not included under STA," the ministry added.

Finance Minister II Datuk Seri Amir Hamzah Azizan said in a statement on Tuesday (June 4) that Jatronics is a trading company, not a semiconductor producer.

He was commenting on an Al Jazeera report that Malaysia-based Jatronics was among nearly 300 entities that Washington slapped with sanctions last month over their alleged links to Russia’s military suppliers.
Malaysia,Company,Sanctions,Jatronics Sdn Bhd,Investment Trade and Industry Ministry,Miti,Trading Company,Semiconductor Manufacturer,US Sanctions,Russia,Military
PETALING JAYA: The Malaysian firm said to be facing US sanctions for allegedly supplying components to Russia's military is not a semiconductor manufacturer but a trading company, the Investment, Trade and Industry Ministry (Miti) has clarified.