The US treasury eight individuals, 16 entities and four aircraft in expanded actions against the Wagner Group, a private military company that has been fighting in Ukraine but is also active in other Kremlin-backed operations.
“Our products and services are all used for civil and commercial purposes and do not involve any military use,” Spacety said in a statement published on Sunday. “We have never had any commercial relationship, or made any deal, or signed any agreements with the Russian entity accused by the United States.”
The space company said it had implemented all international sanctions against Russia and has stopped all commercial relationships and business with Russian entities since the country invaded Ukraine. “We have never and ever participated in any form of military activities in support of the Russo-Ukrainian War and the Wagner Group.”
The treasury in its decision had said that Spacety’s Chinese parent company had supplied satellite imagery of locations in Ukraine to Russian company Terra Tech to enable Wagner combat operations.
Spacety said it is “actively communicating with all parties and trying our best efforts to ensure a transparent, fair and just treatment.”
The company in 2021 achieved a turnover of €170,000 but was operating at a loss, not unusual for budding businesses in the sector.
The Luxembourg government in a statement last week had said it is taking seriously the measures taken by the US treasury and that it would investigate the matter to determine whether any measures at national level should be taken.
Spacety in December 2020 launched its first Hisea-1 SAR satellite, covering Asia, North and South America, Europe and Antarctica. Little over one year later, it launched its 25th satellite. In January 2022 it also embarked on a partnership with the University of Luxembourg on the issue of space debris and cleaning up space.