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Chinese chips for Russia?

Alibaba’s semiconductor Yitian 710

The pressure on Russia’s economy is growing. In addition to financial sanctions, Russia will no longer receive high-tech goods in the future. US President Joe Biden already spoke of sanctions on the day of Russia’s invasion of Ukraine that could permanently damage Russia’s economy. “Some of the most powerful impacts of our actions will come over time as we squeeze Russia’s access to finance and technology for strategic sectors of its economy and degrade its industrial capacity for years to come,” Biden said.

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