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Russian High Tech Project Flounders After U.S. Sanctions


Dmitry Medvedev, microchips

Russian Prime Minister Dmitry Medvedev visits a plant of Russian microchip company Angstrem-T in Zelenograd near Moscow, Russia August 3, 2016.

Credit: Sputnik/Dmitry Astakhov/Pool via Reuters

U.S. sanctions targeting Russia's nascent high tech industry have caused a Russian microchip company significant financial woes and delayed the launch of an initiative meant to produce substitutes for Western products, the firm's owner said.

From Reuters
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