This is the best summary I could come up with:

Moscow’s influence over the company was found to pose a significant risk, Commerce Secretary Gina Raimondo said on a briefing call with reporters on Thursday.

The sweeping new rule, using broad powers created by the Trump administration, will be coupled with another move to add three units of the company to a trade restriction list, Raimondo said, dealing a blow to the firm’s reputation that could hammer its overseas sales.

The moves show the Biden administration is trying to stamp out any risks of Russian cyberattacks stemming from Kaspersky software and keep squeezing Moscow as its war effort in Ukraine has regained momentum and as the United States has run low on fresh sanctions it can impose on Russia.

It also shows the administration is harnessing a powerful new authority that allows it to ban or restrict transactions between U.S. firms and internet, telecom and tech companies from “foreign adversary” nations like Russia and China.

Media reports at the time alleged Kaspersky Lab was involved in taking hacking tools from a National Security Agency employee that ended up in the hands of the Russian government.

The U.S. government privately warned some American companies the day after Russia invaded Ukraine in February 2022 that Moscow could manipulate software designed by Kaspersky to cause harm, Reuters reported.

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