US sanctions causes 90 percent drop in chips sent to Russia

Robert Besser
02 Jul 2022, 20:54 GMT+10

U.S. Commerce Secretary Gina Raimondo said that since the U.S. and its allies imposed sanctions on Moscow, global semiconductor exports to Russia have fallen by 90 percent
Raimondo added that controls placed on Russia's aerospace sector were affecting its ability to generate revenue and support military aviation
While China was generally complying with the sanctions, Washington is closely monitoring compliance and rigorously enforcing the regulations, U.S. officials said

WASHINGTON D.C.: U.S. Commerce Secretary Gina Raimondo has said that since the U.S. and its allies imposed sanctions on Moscow after its invasion of Ukraine, global semiconductor exports to Russia have fallen by 90 percent.

Speaking at an annual Commerce Department conference, Raimondo added that controls placed on Russia's aerospace sector were affecting its ability to generate revenue and support military aviation.

"Russia may be forced to ground between half and two-thirds of its commercial aircraft in the next four years in order to cannibalize them for spare parts," she said, according to Reuters.

Amidst U.S. efforts to enforce sanctions against Moscow, U.S. President Joe Biden's administration recently added five Chinese companies to a trade blacklist for allegedly supporting Russia's military and defense industries.

While China was generally complying with the sanctions, Washington is closely monitoring compliance and rigorously enforcing the regulations, U.S. officials said.

This week, Raimondo repeated her threat to "shut down" China's top chipmaker, SMIC, if it is found to be supplying chips to Russia.

"What if SMIC or other Chinese-based semiconductor companies are found supplying chips to Russia? We will shut them down and we can, because almost every chip in the world and in China is made using U.S. equipment and software and I intend to make good on that commitment, if it is necessary."

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Nigeria Sun.

More Information

23 ℃

Fair in Cotonou

International

Section

Would a new Cold War be in the best interest of the United States?

As China unleashed live-fire military exercises off the coast of Taiwan, simulating a real "reunification by force" operation in the ...

Myanmar deposed leader Aung San Suu Kyi to serve six additional years in prison

NAYPYIDAW, Myanmar - According to a legal official, a court in Myanmar has sentenced former leader Aung San Suu Kyi ...

China, Nepal to build rail, communications network across Himalayas

BEIJING, China: Following a meeting between their foreign ministers, China and Nepal have agreed to build the Trans-Himalayan Multi-Dimensional Connectivity ...

Heatwave continues in China as temperatures exceed 40C

BEIJING, China: Several regions in China experienced temperatures exceeding 40 degrees Celsius, including the major southwestern city of Chongqing.The country's ...

California seeks $1.4 billion to keep nuclear plant open

SACRAMENTO, California: California Governor Gavin Newsom is proposing to give a $1.4 billion government loan to extend the life of ...

With Covid cases increasing, India's New Delhi continues mask mandate

NEW DELHI, India: A government order released to reporters this week said New Delhi will continue to enforce a mask ...

Africa

Section