https://sputnikglobe.com/20250602/rostec-ceo-confirms-initiative-to-lift-sanctions-against-corporation-came-from-us-1122176014.html
Rostec CEO Confirms Initiative to Lift Sanctions Against Corporation Came From US
Rostec CEO Confirms Initiative to Lift Sanctions Against Corporation Came From US
Sputnik International
MOSCOW, June 2 (Sputnik) – Russian state corporation Rostec CEO Sergey Chemezov confirmed on Monday that the initiative to lift sanctions against the corporation came from the US side, saying that the United States wants to interact with Rostec.
2025-06-02T14:52+0000
2025-06-02T14:52+0000
2025-06-02T14:58+0000
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Last week, a source close to Rostec told Sputnik sister agency RIA Novosti that a document published by the US Justice Department indicated that the US firm Rathmell Short LLP would serve as a foreign agent to advise Chemezov on administrative and legal matters in the United States, and it could signal the start of a process to lift sanctions on the Rostec CEO. Rostec is a major Russian state-owned defense and technology conglomerate consisting of roughly 800 enterprises employing 700,000 people, divided into 15 holding companies. Products of its companies include everything from Kalashnikov rifles to fighter jets, missiles and nuclear drones. In the civilian sector, production includes medical equipment, and digital infrastructure such as 5G networks, electric vehicles, and domestic microelectronics.Rostec has been under US and European sanctions since the start of the Ukraine crisis following the Euromaidan coup in Kiev in 2014.
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does rostec face us sanctions, will us lift sanctions on russia’s rostec
does rostec face us sanctions, will us lift sanctions on russia’s rostec
14:52 GMT 02.06.2025 (Updated: 14:58 GMT 02.06.2025)
MOSCOW (Sputnik) – Russian state corporation Rostec CEO Sergey Chemezov confirmed on Monday that the initiative to lift sanctions against the corporation came from the US side, saying that the United States wants to interact with the Russian defense and technology conglomerate.
Last week, a source close to Rostec told Sputnik sister agency RIA Novosti that a document published by the US Justice Department indicated that the US firm Rathmell Short LLP would serve as a foreign agent to advise Chemezov on administrative and legal matters in the United States, and it could signal the start of a process to lift sanctions on the Rostec CEO.
“No one has lifted the sanctions yet. It was an initiative of the US side because they wanted to communicate with us…so they came up with a proposal. Initially, it will probably be for a short period [lifting of sanctions]. Everything will depend on what kind of business relations we have and what we come up with together for cooperation,” Chemezov told Russia’s Zvezda broadcaster.
Rostec is a major Russian state-owned defense and technology conglomerate consisting of roughly 800 enterprises employing 700,000 people, divided into 15 holding companies. Products of its companies include everything from Kalashnikov rifles to fighter jets, missiles and nuclear drones. In the civilian sector, production includes medical equipment, and digital infrastructure such as 5G networks, electric vehicles, and domestic microelectronics.
Rostec has been under US and European sanctions since the start of the Ukraine crisis following the Euromaidan coup in Kiev in 2014.
