Russia 'can't make more' tanks because of this key sanction, Biden official says

[Yo_Mama_Been_Loggin]

The West has hit Russia with a range of economic sanctions including a promise this weekend from the G-7 nations to reduce their dependence on the country's oil. But one type of sanction, so-called "export controls," has attracted less attention than other high-profile penalties like seizing oligarchs' yachts.

Export controls ban companies from sending crucial products like semiconductors to Russia with the goal of gradually starving its economy. But a top Biden administration official told Yahoo Finance on Monday that certain export controls may hurt Vladimir Putin’s army in the immediate future.

“Because of the export controls we’ve already put in place, Russia’s top two manufacturers of tanks are no longer in business,” Deputy Secretary of the Treasury Wally Adeyemo said Monday. “Russia today has far fewer tanks than they had going into this invasion, and they can't make more because of the action that we're taking with sanctions.”

The White House says the controls have left Russia’s two major tank plants — the Uralvagonzavod Corporation and Chelyabinsk Tractor Plant — idle due to a lack of foreign components. And observers noticed fewer tanks than normal at the annual military parade on Moscow’s Red Square on Monday.

https://finance.yahoo.com/news/russia-cant-make-more-tanks-because-of-this-key-sanction-biden-official-says-204705566.html

[Budi]

1. Bravo on the Sanction decision Mr President!

"The White House says the controls have left Russia’s two major tank plants — the Uralvagonzavod Corporation and Chelyabinsk Tractor Plant — idle due to a lack of foreign components."

Well done, sir 💙

[Gore1FL]

2. I was hoping to see a bunch of turretless T-72s in the Victory Parade. nt

[Cha]

3. TY!

💙💛

[doc03]

4. I really don't think they need more tanks, they had around 20000 before

they invaded Ukraine. They may be running short of soldiers to operate them.

[Thomas Hurt]

5. May be a question of how many of that number have already been scavenged for spare parts...

then again, the generals may have "ordered" x number of tanks and only received x minus the value of the kick backs. Of course they still have 20000 on the inventory. (wink,wink)