Russia's state tech giant plans to build 1,000 planes by 2030 using local parts, in order to end reliance on Boeing, Airbus
in an interview last week, that Russia could be in for years of decline in technology development due to the sanctions.
"The world will move forward, but Russia will only use some second-grade technology and spend huge resources to recreate what there already is in the world, but can't be imported," said Vyugin, who was a deputy finance minister and deputy governor at the Bank of Russia. He retired from the Moscow Exchange this year.
Russia has tried to counter the sanctions by substituting Western imports with those from non-sanctioning countries or looking to homegrown options. But success has been limited, analysts at"High-tech products are developed using inputs from many countries, but few of them can function without inputs from the European Union or the United States," wrote the analysts."As a result, a single economy cannot replicate the capabilities of the global network.
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