Concern Radio-Electronic Technologies

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Concern Radio-Electronic Technologies
TypeJoint-stock company
Industrydefense industry, electronics industry
Headquarters
Moscow
,
Russia
ProductsElectronics, radios, communication equipment, electronic countermeasures, medical equipment
Revenue$1.85 billion[1][2] (2016; 2018)
$262 million[1] (2016)
$205 million[1] (2016)
Number of employees
42,755[1] (2016)
ParentRostec
Websitekret.com

Concern Radio-Electronic Technologies (Russian: Концерн Радиоэлектронные технологии, КРЭТ (KRET)) is a holding company within the Russian state-owned Rostec group that develops and manufactures military specialized radio-electronic, state identification, aviation and radio-electronic equipment, multi-purpose measuring devices, detachable electrical connectors and a variety of civil products.[3]

The Corporate Group has developed one of the two existing state radiolocation identification systems. The company's ambition is to enter the global market of detachable connectors for the world's biggest companies.

Structure[]

Companies of the holding:[4]

  • Phazotron

United States of America sanctions[]

On July 16, 2014, the Obama administration imposed sanctions through the US Department of Treasury's Office of Foreign Assets Control (OFAC) by adding Concern Radio-Electronic Technologies and other entities to the Specially Designated Nationals List (SDN) in retaliation for the ongoing Ukrainian crisis, annexation of the Crimean Peninsula by the Kremlin, and the Russian interference in Ukraine.[5][6] Despite that, in 2020 KRET participated in a Russian medical aid delivery during the coronavirus pandemic in New York. Delivering its medical equipment like very need ventilators to the US, with reports claiming that the Russian aid was partly paid by the US and the RDIF. Officials from the US administration replied that sanctions aren't applied for medical supply.[7]

References[]

  1. ^ a b c d http://www.rbc.ru/companies/id/243.
  2. ^ SIPRI Arms Industry Database, Stockholm International Peace Research Institute, Wikidata Q105906798
  3. ^ "JSC Concern Radio-Electronic technologies: Private Company Information". Bloomberg. Retrieved 20 May 2017.
  4. ^ "Предприятия". Kret.com. Archived from the original on 8 October 2018. Retrieved 20 August 2017.
  5. ^ "Ukraine-related Sanctions; Publication of Executive Order 13662 Sectoral Sanctions Identifications List". treasury.gov. 16 July 2014.
  6. ^ "Announcement of Treasury Sanctions on Entities Within the Financial Services and Energy Sectors of Russia, Against Arms or Related Materiel Entities, and those Undermining Ukraine's Sovereignty". treasury.gov. 16 July 2014.
  7. ^ "Russian ventilators sent to U.S. made by firm under U.S. sanctions: Russia newspaper". Retrieved 27 April 2020.

External links[]

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