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He explained that Russian industry is “sufficiently Mature” to limit the American side did not pose a systemic risk. Of course, the Minister said that the new measures will have to spend “some kind of migration process,” but a significant impact on the situation in the industry they will not have.

the Statement was made in connection with the fact that on June 29 came into force the decision of the United States about the requirements for the issuance of licenses for the export of American products and legal entities in Russia. In the list of such products now includes a variety of hardware and software to operate nuclear reactors, semiconductor devices, measuring equipment and other materials which in the opinion of the American authorities, can be used for military purposes.

Earlier, similar assurances were received from the Minister of industry and trade Denis Manturov. “We’ve seen what colleagues are forming such solutions, so our company have enough stock here, the component base is formed by several for the future, especially with all those inputs, which we get from outside,” – said Manturov told reporters. He noted that Russia reconfigures the logistics flow and is engaged in import substitution.

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Jennifer Alvarez is an investigative journalist and is a correspondent for European Union. She is based in Zurich in Switzerland and her field of work include covering human rights violations which take place in the various countries in and outside Europe. She also reports about the political situation in European Union. She has worked with some reputed companies in Europe and is currently contributing to USA News as a freelance journalist. As someone who has a Masters’ degree in Human Rights she also delivers lectures on Intercultural Management to students of Human Rights. She is also an authority on the Arab world politics and their diversity.