Financial Crime Financial Crime

Comment: US sanctions against Rostec strike at heart of Russia’s defense-industrial base

By Samuel Rubenfeld
  • 28 Jun 2022 23:46
  • 28 Jun 2022 23:46
With its latest round of sanctions, the US Treasury Department placed the hammer on the cornerstone of Russia’s defense, industrial, technology and manufacturing sector: Rostec.

Established by presidential decree in late 2007, Rostec was formed to consolidate Russia’s industrial assets. The Russian state enterprise has more than 800 entities across a wide range

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