Moscow performs down risk of U.S. electronics curbs

Russia’s Trade and Commerce Minister Denis Manturov attends a ceremony to launch the serial manufacturing of Aurus Senat automobiles on the Aurus manufacturing plant within the city of Yelabuga within the Republic of Tatarstan, Russia Could 31, 2021. REUTERS/Alexey Nasyrov

Register now for FREE limitless entry to

MOSCOW, Jan 20 (Reuters) – Russia on Thursday dismissed warnings that america might prohibit electronics provides if Moscow assaults Ukraine, saying any such measures would principally harm the producers.

Washington has threatened wide-ranging sanctions to discourage Russian President Vladimir Putin from invading Ukraine after Moscow massed tens of hundreds of troops close to its neighbour. Russia denies planning a brand new navy offensive. learn extra

The White Home has informed the U.S. chip trade to be ready for brand new restrictions on exports to Russia, together with doubtlessly blocking the nation’s entry to world digital provides, sources informed Reuters this week. learn extra

Register now for FREE limitless entry to

“Potential restrictions on provides of merchandise manufactured overseas utilizing American expertise would above all hit the producers themselves,” Russia’s Trade and Commerce Minister, Denis Manturov, mentioned in a press release to Reuters.

“There’s nothing basically new within the said intentions. Clearly, it’s a continuation of the U.S. coverage of compacting any competitor, even potential opponents, out of the market,” he added.

Ought to america develop the scope of the so-called International Direct Product Rule to Russia, mirroring a earlier transfer towards Chinese language telecoms big Huawei, Washington might cease shipments of chips, computer systems, shopper electronics, telecommunications gear, and different gadgets made wherever on this planet in the event that they had been produced utilizing U.S. expertise.

Related measures had been deployed in the course of the Chilly Battle, when america and different Western nations maintained extreme expertise sanctions on the Soviet Union, crimping its progress.

Prime Minister Mikhail Mishustin on Thursday mentioned it was essential to make sure technological independence from imported merchandise within the aviation trade because it lowers dangers to the sector’s growth.

State conglomerate Rostec, which produces plane and automobiles, industries susceptible to chip shortages, mentioned imported parts weren’t utilized in producing navy {hardware} and that Russia had elevated home manufacturing of components in response to earlier rounds of sanctions.

“The potential imposition of extra sanctions will initially harm the pursuits of American corporations working for export,” Rostec mentioned.

Like different car-producing nations, Russia suffers from a scarcity in semiconductor microchips, with carmakers competing towards the sprawling shopper electronics trade for chip provides, pushing up automotive costs for Russian consumers.

Register now for FREE limitless entry to

Reporting by Gleb Stolyarov; Writing by Alexander Marrow; Modifying by Andrew Heavens

Our Requirements: The Thomson Reuters Belief Ideas.

Related Articles

Back to top button