A Taiwanese businessman has been linked to companies that have provided restricted electronic components to sanctioned military end users in Russia.
Lee Jan-Chi, also known as Eric Lee, is the sole owner and a director of two shell companies based in Hong Kong, Win Key Limited and Dennex Enterprises Limited. These companies were added to the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) Entity List in October 2023 and February 2024, respectively, for contributing to Russia’s military and defense industrial base by shipping critical microelectronics into the country that are likely being used in its war against Ukraine.
According to shipping data reviewed by Kharon, Win Key and Dennex continued to ship large amounts of electronic components, such as printed circuit boards, to Russian companies following the Russian invasion of Ukraine, including to companies sanctioned for their involvement in Russia’s war efforts. Shipments made by Win Key post-invasion contained electronic parts manufactured by U.S. and German companies.
Lee also owns a Taiwanese company, Tranyang Corporation, which prior to the invasion sent similar electronics products to a shared customer of Dennex and Win Key in Russia.
The Taiwanese businessman is also the co-founder and chief operating officer of a surveillance electronics company, AxxonSoft, which was formerly based in Russia. The company has branches worldwide, including in the U.S., where its CEO is based.
In March 2022, AxxonSoft told industry publication IPVM that it is “no longer a Russian company” and “demand[s] respect for the sovereignty and territorial integrity of Ukraine."
Lee Jan-Chi, also known as Eric Lee, is the sole owner and a director of two shell companies based in Hong Kong, Win Key Limited and Dennex Enterprises Limited. These companies were added to the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) Entity List in October 2023 and February 2024, respectively, for contributing to Russia’s military and defense industrial base by shipping critical microelectronics into the country that are likely being used in its war against Ukraine.
According to shipping data reviewed by Kharon, Win Key and Dennex continued to ship large amounts of electronic components, such as printed circuit boards, to Russian companies following the Russian invasion of Ukraine, including to companies sanctioned for their involvement in Russia’s war efforts. Shipments made by Win Key post-invasion contained electronic parts manufactured by U.S. and German companies.
Lee also owns a Taiwanese company, Tranyang Corporation, which prior to the invasion sent similar electronics products to a shared customer of Dennex and Win Key in Russia.
The Taiwanese businessman is also the co-founder and chief operating officer of a surveillance electronics company, AxxonSoft, which was formerly based in Russia. The company has branches worldwide, including in the U.S., where its CEO is based.
In March 2022, AxxonSoft told industry publication IPVM that it is “no longer a Russian company” and “demand[s] respect for the sovereignty and territorial integrity of Ukraine."
Kharon users can explore Eric Lee’s network in ClearView. Click here to view.
