Russian firms bought spare parts for 25-year-old ASML machines, says newspaper Trouw

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Russian firms bought spare parts for 25-year-old ASML machines, says newspaper Trouw
European UnionRussian FirmsSpare Parts

Russian firms were able to obtain spare parts for 25-year-old ASML chipmaking machines in 2022 to 2023 on secondary markets despite European Union sanctions,...

AMSTERDAM - Russian firms were able to obtain spare parts for 25-year-old ASML chipmaking machines in 2022 to 2023 on secondary markets despite European Union sanctions, Dutch newspaper Trouw reported on Thursday, citing Russian customs documents.

ASML, Europe's largest technology firm, dominates the market for advanced lithography systems, which use light beams to help create the circuitry of chips. Although its 1990s-era tools are not considered "dual use" equipment with potential military applications, they would still be useful for Russian companies making analogue chips for the country's war in Ukraine, including for drones. However, following Russia's 2022 invasion of Ukraine, European sanctions have blocked sales of electronics equipment to Russia. ASML told Reuters that it abides by the sanctions, and that even before they were imposed, it had sold few tools in Russia. "ASML doesn’t sell products or services to Russia and doesn't interact with Russian distributors. Nothing has been sent by ASML to Russia in recent years and sanctions restrict the sale of PAS and Twinscan systems, as well as spare parts, to Russia" it said in an emailed response to queries. The Trouw story focused on ASML's PAS-5500 tools, which date from the 1990s and 2000s, when ASML was an up-and-coming challenger to the top companies of the day, Japan's Nikon and Canon. It said Russian trading firms bought the spare parts through Chinese middlemen.The PAS-5500 is no longer being built, but most of those made in the past are still in operation. Used machines are sometimes sold or refurbished and ASML makes and sells spare parts to accredited owners. The Trouw story said it had viewed documents showing 170 instances of relevant spare parts being imported by Russian firms. 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The sentiment polls ran between April and June 2024 on the analyst's Verdict network of B2B websites, which had 10.3 million unique visitors in Q2 2024. In total, 1,426 respondents partJeremy Kyle has arrived at an inquest into the death of a man who died after appearing on his TV show.PwC has been in trouble over its role in auditing China Evergrande Group since the developer was accused in March of a $78-billion fraud, resulting in an exodus of clientele, cost cuts and layoffs. Country Garden has appointed Hong Kong-based Zhonghui Anda CPA as its new auditor, at least until the conclusion of its next annual general meeting, it said.The August jobs report could ease recession fears if payroll gains bounced back from an anemic July showing. Another poor showing could stoke worries Acquisition of I.D.C. 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