Russia plans new tax on electronics to boost its defence capacity
Yahoo Finance·2025-11-19 00:04
MOSCOW (Reuters) -Russia is planning a new tax on electronics, primarily imported and consumer items, with $2.7 billion in proceeds earmarked to support the domestic electronics industry, including in the defence sector, over the next three years. After sanctionsblocked Russia's access to Western chips and other essential hardware, domestic producers have struggled to meet the defence sector's demand for hardware needed to build drones and other advanced weaponry. The lack of modern electronics hardwa ...