Sergey Chemezov, President of Rostec, Warns Countries That Sanctioned

Sergey Chemezov, the head of the Russian state defense industry company Rostec, underlined that the countries that implemented the Russian sanctions packages initiated by the Russia-Ukraine war lost a large market and said, "It will be almost impossible for the supporters of the sanction policy to gain our trust."

Sergey Chemezov, the head of the Russian state defense industry company Rostec, one of the close associates of Russian President Vladimir Putin, made evaluations about the countries that support the decision of sanctions. Chemezov said “There is a well-planned war to destroy the Russian financial sector, industry, citizens, culture and sport”. Our War With Ukraine Didn't Start Today Stating that the war between Ukraine did not start today, Chemezov said, “We have witnessed the search for more sanctions, restrictions and excuses for hostile actions over the years. The current restrictions are truly unprecedented. Such actions are far from common sense and justice. What are they causing globally? They lead to the destruction of free trade principles, the loss of trust, and the discredit of Western economic and political institutions.” Russia and Turkey Are Similar Countries President Chemezov emphasized that the said approach can affect Russia today and any country that has an independent position in world politics tomorrow, and said, “Under the current conditions, Russia and Turkey are more alike than you think. Turkey was the only country in the NATO bloc that has been heavily criticized for the S-400 contract, but it is certainly not the only member of the alliance with Russian air defense systems. While trying to deprive you of a defense system "like a partner", they are trying to cut Russia off from international trade and limit its technical development.” Beneficial Partnerships Disappearing While underlining that Western countries use war in hatred of Russia as an excuse and are willing to sacrifice even certain principles of economic pragmatism, the head of Rostec said, “Partnerships that are beneficial not only for Russia but also for our partners abroad are being destroyed. This situation has led Russia to produce many things itself today. We independently replace a large number of goods that we imported in the past. This includes components for the automotive industry, aircraft construction, electronics and other fields.” We Are Having Difficult Times But… Underlining that Rostec has a 40 percent share in Russian state defense industry orders, Chemezov said, “I will not hide that we are in a difficult situation. However, I see these challenges as temporary and necessary for complete technological dominance. Sergey Chemezov, the head of the Russian state defense industry company Rostec, continued his assessment with the following statements: “Western suppliers represented in our country lost a large market. In the long run, they lost the opportunity to source their products, though not forever, and suffered financial losses due to the authorities' decisions. Yes, we have a difficult situation for us now. But we can deal with it. This is a huge window of opportunity for us. I think the Russian state will find mechanisms that will make it possible to operate foreign-made aircrafts in the fleets of Russian airlines. It is planned to deliver 20 more jets this year, and from 2024, the United Aircraft Company of Russia plans to deliver at least 20 jets of this brand per year. We can say that Russia is the flagship in the rejection of the dollar monopoly and Western payment systems. Now many countries have followed our example and have begun to actively switch to payments in national currencies for their financial security. We no longer have any illusions about partnership with Western countries. We do not close ourselves off to international cooperation, but with the current level of hypocrisy, it will be difficult, if not nearly impossible, for supporters of sanctions policy to gain our trust. I have been under personal sanctions since 2014. I approach this philosophically - as a personal reward. For me, this is proof that my work was not in vain and that Rostec successfully fulfills the tasks of the state.”