New York, 17 July- In a significant development, Russian antivirus company Kaspersky has announced its decision to cease all buying and selling of its software in the United States. This decision follows a ban imposed by the Biden administration, citing security concerns due to the company's alleged ties to the Russian government. The BBC reported this information on Tuesday, July 16.

Kaspersky will begin winding down its operations in the U.S. starting July 20. The company officials have described this decision as both sad and difficult but emphasized it was necessary due to the loss of business opportunities in the United States.

Commerce Secretary Gina Raimondo previously expressed concerns that Moscow's influence over Kaspersky poses significant risks to doing business in the U.S. "The company's connections to the Russian government present unacceptable security risks," Raimondo stated last month.

The ban on Kaspersky software was imposed in June by the Biden administration. The company had been under scrutiny for its alleged ties to the Russian government, leading to the decision to prohibit its software within U.S. borders.

Kaspersky has clarified that this decision to cease U.S. operations does not affect its business activities in other countries. The company will continue its operations globally while adhering to the new regulations imposed by the U.S. government.