UPDATE: USТs tougher sanctions may backlash at US firms in Russia - 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

UPDATE: USТs tougher sanctions may backlash at US firms in Russia

(Adds comment in last 5 paragraphs)

DAVOS, Jan 23 (PRIME) -- A possible toughening of sanctions by Washington could backlash as the U.S. companies working on the Russian market may lose billions of U.S. dollars, Russian Communications Minister Nikolai Nikiforov told reporters on Tuesday.

УWe oppose such sanction manifestations. We see Europe incurring multi-billion losses in euros from all these games. Now a possible worsening of the sanction stories by the U.S. could potentially hit the companies that earn on our market hundreds of millions and even billions of dollars,Ф Nikiforov said.

УWe do not see any practical sense in it. The crucial thing is that itТs a meaningless story from the point of view of reasons behind these sanctions. We donТt understand who wanted to achieve what with such tools besides bringing losses on their companies that have been successfully working on our market for many years.Ф

Russian software products can fully replace MicrosoftТs software, and the U.S. company may lose billions of dollars because of restrictions on the purchase of its programs by the Russian companies from the Washington-sanctioned list, the minister said.

Mass media reported on Monday that two official local distributors of Microsoft, Merlion and RRC, restricted sales of its products to more than 200 Russian companies because of the sanctions.

УI believe that Russian software can fully replace (the U.S. analogues). It will certainly involve further investment and work. But such examples of politically motivated sanctions will, in the first place, hit the U.S. economy itself,Ф Nikiforov said.

УIt could all end up in MicrosoftТs losing almost the whole market worth several billions of dollars from the point of view of corporate and state elements in our country.Ф

Apart from software licenses, the U.S. giant also provides other services in Russia, he said.

End

23.01.2018 15:40
 
 
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