Sanction date: 07/11/2024

UK Sanctions List Ref: RUS2284

Reason: ACE ERA CO., LIMITED is an involved person under the Russian (Sanctions) (EU exit) Regulations 2019 because it is or has been involved in destabilising Ukraine or undermining or threatening the territorial integrity, sovereignty or independence of Ukraine through making available funds, economic resources, goods or technology, that could contribute to destabilising Ukraine or undermining or threatening the territorial integrity, sovereignty or independence of Ukraine.

Evidence: Shipped electronic integrated circuits, multilayer ceramic capacitors, and tantalum capacitors to US-designated Russian electronic equipment wholesaler Streloi Ekommerts. Ace Era has sent over $3 million worth of shipments to Streloi Ekommerts.