Microchips, semiconductors and other microelectronics from China, the US and the EU are still being found in Russian drones and missiles launched at Ukraine.
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00:00Western microchips, semiconductors and other microelectronics from China, the U.S. and
00:09the European Union are still being found in Russian drones and missiles launched at Ukraine,
00:15although the sanctions did have impact, Ukraine's president's adviser says.
00:20The Russians are still quite able to acquire those parts and to produce the weapons, including
00:28the missiles and the drones. We also are quite happy that the Russians are receiving less
00:34parts that they want and also they are paying much more price than they wanted.
00:39We estimate that in some cases for microelectronics it's now 125% more expensive than it was,
00:46in some cases 300% more expensive. So this altogether constitutes a considerable damage
00:53to the Russian military-industrial complex.
00:58While Brussels states that the sanctions are working and it is now about their implementation,
01:04Kyiv believes that there is more to do.
01:10We propose to impose sanctions against the whole financial sector of Russia.
01:16We think that that would really disincentivize the third country's financial institutions
01:20from dealing any transactions with Russian financial institutions.
01:24That would probably really, really freeze and slow down any transactions for the benefits of Russian economy.
01:31So that is probably the most radical proposal we have put on the table.
01:36Two and a half years since the full-scale invasion and multiple sanctions later,
01:40Russian economy has so far remained resilient and continues to fuel the war in Ukraine.