Sanction date: 07/11/2024

UK Sanctions List Ref: RUS2253.

Reason: XIN QUAN ELECTRONICS (HONG KONG) CO., LIMITED is an involved person within the meaning of the Russia (Sanctions) (EU Exit) Regulations 2019: because it is or has been destabilising Ukraine or undermining or threatening the territorial integrity, sovereignty or independence of Ukraine, by making available goods or technology, that could contribute to destabilising Ukraine or undermining or threatening the territorial integrity, sovereignty or independence of Ukraine. Financial sanctions imposed in addition to an asset freeze: Trust services.

Evidence: Electronic components distributor in the communications, industrial, military, computer and peripherals, consumer electronics: has made thousands of shipments of high priority goods, including electronic integrated circuits, to Russian company Snabinter, a Russian wholesaler of electronic equipment.