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Russian hi-tech state corporation says new US sanctions won't disrupt its operation

September 02, 2015, 20:18 UTC+3

The US State Department has imposed sanctions under the Iran, North Korea and Syria Non-Proliferation Act

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MOSCOW, September 2 /TASS/. The Russian Technologies State Corporation Rostec said on Wednesday that it would not introduce any changes in the work of its companies because of the US sanctions imposed on Wednesday.

"The US sanctions imposed on Russian manufacturing companies that increase economic and political contradictions among countries cannot determine the vector of development for the Rostec companies. There will be no radical change in their work," Rostec’s press service said.

Notices about sanctions imposed on Russian companies were officially published in the US government’s Federal Register on Wednesday.

The Federal Register is the official daily publication for rules, proposed rules, and notices of Federal agencies and organizations, as well as executive orders and other presidential documents.

The US State Department has imposed sanctions under the Iran, North Korea and Syria Non-Proliferation Act (INKSNA), which authorizes the United States to impose sanctions against foreign individuals, private entities and governments that engage in proliferation activities. Companies from some other countries, including Russia, have also come under these restrictive measures.

They include the Instrument Design Bureau in the city of Tula; the Novosibirsk producer of night vision devices and image converters (the main component of night vision devices); the Katod Company; the NPO Mashinostroyeniya Corporation (Reutov, the Moscow region); the Rosoboronexport arms trading company (Moscow) and the MiG aircraft building corporation based in Moscow.

The US Department of Commerce has applied its sanctions regime, established over the conflict in Ukraine, to 29 companies and organizations in Russia, including Crimea, as well as Ukraine and several other countries. All these companies had already been under the previously imposed US sanctions. This time, the US authorities have harmonized and clarified their approach.

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