The main increase took place in May 2022. Interestingly, the semiconductor market in Maldives is almost ignored by experts.
London-based Mykines Corp. stands out among exporters by sending nearly $40 million worth of receipts and accounting for 80% of all shipments analyzed by Nikkei Asia.
Another company on the list, Hong Kong-based Pixel Devices, admitted to exporting to Russian companies via the islands.
Earlier, the US Treasury Department announced that Tinkoff Bank was placed on the sanctions list, which includes 95 legal entities and 16 Russians.
Source: Ferra
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