Russian firms and government agencies rely heavily on semiconductors from Western companies that will be cut off following the Ukraine invasion.
. They’ve also triggered an ambitious but challenging effort by China’s government to build a semiconductor industry that can produce cutting-edge components on its own.cause less immediate harm to Russia
“While the impact of the new rules to Russia could be significant, Russia is not a significant direct consumer of semiconductors,” says John Neuffer, CEO of theZeroing in on critical technologies, like semiconductors, could still damage Russia’s progress and its military and cyber capabilities. And with the US and allies including the EU and Japan on board, it will prove more difficult for Russia to circumvent the sanctions.
German chancellor Olaf Scholz also said his country would not certify the Nord Stream 2 gas pipeline from Russia, which would have increased Europe’s reliance on Russian energy. The US and its allies have so far imposed financial sanctions on Russian oligarchs and officials close to president Vladimir Putin. But they have not targeted Putin himself, nor have they cut Russia off from theglobal payments system, a powerful measure imposed on countries such as Iran in the past. Biden said during his address that the financial sanctions introduced so far would have as much impact as cutting Russia off from SWIFT.
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