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US sanctions inspire Russia’s Rostec to develop new technology - corporation

March 26, 1:23 UTC+3 MOSCOW

On Saturday, US Administration imposed sanctions on eight more Russian companies accusing them of violating US non-proliferation law concerning Iran, North Korea and Syria since 2009

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MOSCOW, March 26. /TASS/. US sanctions will inspire Russian state corporation Rostec to develop new technology and to enter new markets, Rostec told TASS.

"We have been living under sanctions for long. They have given us an additional impetus to develop new technology and enter new markets," the press service said in comments on sanctions imposed by the US on Saturday.

On Saturday, US Administration imposed sanctions on eight more Russian companies accusing them of violating US non-proliferation law concerning Iran, North Korea and Syria since 2009. Traditionally, the US does not specify its claims to the Russian companies.

Among them are Russia’s main weapons exporter Rosobornexport, the 150th aircraft repair plant, the Aviaexport foreign economic trade company, the Bazalt Scientific and Research Corporation, the Scientific and Production Corporation ‘Engineering Design Bureau (weapons manufacturing companies), the Ulyanovsk Higher Civil Aviation School, the Urals Civil Aviation Training Center, and the Zhukovsky - Gagarin Air Force Academy.

The current sanctions, due to remain in force for the coming two years, ban US departments and agencies from buying any goods or services from blacklisted companies, from selling arms and military hardware to them. Also, the sanctioned companies can neither obtain licenses for buying goods listed in the export control nor get assistance.

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