U.S. sanctions will hit the military industry of Russia – media

One of the Russian military enterprises have been detained, the provision of funding after the introduction of new sanctions.

US law on new sanctions against Russia, signed by President Donald trump may block the sources of financing of the Russian military industry.

It is reported Bloomberg citing people familiar with the situation sources.

As the newspaper notes, one of the provisions of the document provides for the introduction of 180 days after the law came into force additional sanctions for “significant transactions” with the Russian military sector, or intelligence. Possible restrictions include off from the US financial system and the seizure of assets in this country.

Currently authorities of the Russian Federation and heads of state banks, primarily Sberbank of Russia JSC and PJSC “VTB Bank” is looking for ways to circumvent these limitations or minimize their associated risks, the sources noted. Among the topics discussed in the government option out of a situation – creating a new Bank specifically for MIC or direct financing of enterprises from the budget.

Meanwhile, according to one of interlocutors of Agency, on condition of anonymity, one of the Russian military enterprises have been detained, the provision of funding after the introduction of new sanctions.

Previously it was reported that Western sanctions have limited Russia the possibility to import from abroad of dual-use technology, will eventually lead to the fact that the Russian arms will start to lag behind the closest competitors from the US, EU, Israel and China.

We also know about Russia’s plans to change the financing scheme of the “Nord stream-2” because of U.S. sanctions.

© 2017 – 2019, paradox. All rights reserved.