The Ministry of Industry and Trade spoke about the strategy in response to US sanctions

Western sanctions were applied against the USSR, without hindering its development; New US sanctions against RUSSIA will only accelerate the processes of import substitution in industries, RBC was told in the Ministry of Industry and Trade. The department is preparing new plans for the development of industries Oleg Bocharov

The new US sanctions against Russia, which came into force on March 18, will only accelerate and intensify the processes of import substitution in domestic technological chains, Oleg Bocharov, Deputy Minister of Industry and Trade of Russia, said in response to a request from RBC. “The money that paid for imports will remain inside the country and will go to salaries of employees and the development of new technologies and industries,” he said.

Bocharov recalled that "the instrument of sanctions pressure was used by foreign colleagues, including for the USSR, which did not prevent the country from developing." “Sanction pressure did not kick in on March 2” (when the administration of US President Joe Biden announced the latest sanctions), the official said.

On March 2, the State Department, the Treasury and the US Department of Commerce announced a new sanctions package against Russia due to the poisoning of opposition leader Alexei Navalny. Personal blocking sanctions were imposed on the first deputy HEAD of the presidential administration, Sergei Kiriyenko, the head of the FSB, Alexander Bortnikov, the head of the Federal Penitentiary Service, Alexander Kalashnikov, and others, the State Department introduced the first round of sanctions under the Chemical Weapons Control Act, which included additional restrictions on the EXPORT of American dual appointments in Russia.

Biden sanctions will affect less than 0.5% of US supplies to Russia Economy