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Free AccessUS To Further Restrict Russian Access To Critical Military Equipment
Deputy Secretary of the Treasury Wally Adeyemo has convened a "Meeting of Countries Imposing Economic Restrictions on Russia" at the United States Treasury Department.
- The meeting seeks to further strangle Russian access to high-tech military components, crucial to the war in Ukraine.
- Adeyemo : "Together, our collective actions have rendered the Russian military-industrial complex unable to produce and maintain critical equipment for operations in Ukraine."
- According to a Treasury Department statement, controls imposed by the US-led coalition have denied Russia "access[ing] advanced technology and our financial systems hobbling the Russian defense industry’s ability to produce weapons..."
- Continued: "Russia is running out of microelectronics that are critical to their military-industrial complex..."
- Continued: "Two of Russia’s largest domestic microelectronics manufacturers have had to temporarily halt production due to a lack of critical, foreign technologies."
- Adeyemo said at that the US is "willing and able to sanction people, companies, or countries that provide ammunition to Russia or support Russia’s military-industrial complex."
- This is likely directed at Iran, whose sale of Shahed drones has contributed to effective Russian attacks on Ukrainian military and civilian infrastructure.
To read the full story
Sign up now for free trial access to this content.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.