Russia running out of microelectronics critical to their military-industrial complex – US Treasury

Latest news Ukraine

Russia is unable to access advanced technology and US financial systems, hobbling the Russian defense industry’s ability to produce weapons, as well as replace those that have been destroyed in the war, Deputy Secretary Wally Adeyemo said at the Meeting of Countries Imposing Economic Restrictions on Russia.

He also said that Russia is running out of microelectronics that are critical to their military-industrial complex, and “Russian officials are concerned that they don’t have enough foreign components. Two of Russia’s largest domestic microelectronics manufacturers have had to temporarily halt production due to a lack of critical, foreign technologies.”

“Treasury’s Office of Foreign Assets Control is issuing guidance making clear that we are willing and able to sanction people, companies, or countries that provide ammunition to Russia or support Russia’s military-industrial complex,” he reported.

Ukraine needs independent journalism. And we need you. Join our community on Patreon and help us better connect Ukraine to the world. We’ll use your contribution to attract new authors, upgrade our website, and optimize its SEO. For as little as the cost of one cup of coffee a month, you can help build bridges between Ukraine and the rest of the world, plus become a co-creator and vote for topics we should cover next. Become a patron or see other ways to support. Become a Patron!