Chip exports to Russia down 90% after restrictions

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Russia's war against Ukraine has had many consequences that have never been seen before. The country led by Vladimir Putin has suffered heavy penalties and blockades, which has significantly conditioned its economic and technological evolution. One of the sectors most affected by the blockades applied by other nations is that of components. And according to the latest information, exports of chips for Russia fell by 90% after these same restrictions.

Global semiconductor exports to Russia have dropped 90% since the United States and allies imposed export controls on Moscow over its invasion of Ukraine, the US Commerce Secretary said. Gina Raymond, this Wednesday.

The official also said, during an annual conference of the Department of Commerce, that the blockades implemented in Russia's aerospace sector are harming its ability to generate revenue and to support military aviation. The secretary adds that “Russia could be forced to ground between half to two thirds of its commercial aircraft over the next four years to funnel them to spare parts"

A The executive also again threatened to close SMIC, China's biggest chip maker, if the company proves to be supplying chips to Russia. While US officials have previously said that China was generally complying with restrictions, Washington pledged to closely monitor compliance and strictly enforce regulations.

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