Here is how the rules are expected to impact U.S. tech companies, according to 6 specialists on U.S. trade law. The brand-new guidelines likewise require companies making tech items overseas with U.S. tools to look for a U.S. license before delivering to Russia. U.S. exports to Russia were restricted to about $6.4 billion last year, U.S. census data show, with equipment and vehicles among huge categories in past years.
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Here is how the guidelines are expected to impact U.S. tech companies, according to six specialists on U.S. trade law. The new rules also require business making tech items overseas with U.S. tools to look for a U.S. license before delivering to Russia. U.S. exports to Russia were limited to about $6.4 billion last year, U.S. census data show, with machinery and automobiles amongst huge classifications in past years. The Semiconductor Industry Association (SIA), which represents U.S. chipmakers, noted that “Russia is not a substantial direct customer of semiconductors” and that Russias communications and tech spending “amounted to just about $25 billion out of the multi-trillion worldwide market” in 2019. Emily Kilcrease, senior fellow at the Center for a New American Security and former deputy assistant U.S. Trade Representative, stated the restrictions will freeze Russias technology where it is today.
