MOSCOW – 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.
Reuters: Russian high tech project flounders after US sanctions
A general view taken on July 31, 2017 shows the US embassy building in Moscow. - President Vladimir Putin on July 30, 2017 said the United States would have to cut 755 diplomatic staff in Russia and warned of a prolonged gridlock in its ties after the US Congress backed new sanctions against the Kremlin.
