Indus ministry sees Russian industries unhurt by new US sanctions - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Indus ministry sees Russian industries unhurt by new US sanctions

MOSCOW, Aug 22 (PRIME) -- WashingtonТs ban on exports of dual-use electronics and component parts to Russia under its new sanctions will hit some industries, but the damage will not be critical, the Industry and Trade Ministry said late on Tuesday quoting Minister Denis Manturov as saying.

The U.S. imposed new anti-Russian sanctions on August 8 to punish Moscow for alleged involvement in poisoning of the Skripal family in March in the U.K. The first package, which includes a ban on supplies of dual-use goods and services to Russia, is to come in force on Wednesday.

УThe ban on exports of dual-use electronics and component parts will definitely cover some hi-tech industries, including the military, but it wonТt inflict critical damage. Sales of foreign hi-tech goods of the military and space class to third countries are limited anyway,Ф Manturov said as cited by the ministry.

УNo one sold the most up-to-date electronics to us before. A full ban may hurt come companies, but we will try to provide maximum possible support to them. We have been preparing for this situation for a long time, and developed more than 1,500 types of electronic component bases over the past six years through different federal target and state programs.Ф

Moscow has developed retaliation measures that should neutralize the impact from actions of the U.S., and plans to substitute electronics and components with locally produced goods or with imports from Southeast Asia, he said.


22.08.2018 08:35
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 85.7389 -0.2259 28 mar
USD 77.7325 -0.9898 28 mar
Stock Market Indices
1D 1W 1M 1Y
rtsi 1049.88 +1.53 18:50 03 apr
micex 2572.23 +1.03 18:50 03 apr
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 189.77 +1.46 18:49 03 apr
lkoh 5204.50 +3.06 18:49 03 apr
rosn 345.00 +1.32 18:49 03 apr
sber 185.64 -0.70 18:49 03 apr
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 82.7875 -3.0925 14:59 03 apr
USDTD 77.7000 -1.2800 17:44 03 apr