The United States introducing sanctions against Russia in rocket and space equipment supplies will affect the volume of the US production of space components, United Rocket and Space Corporation General Director Igor Komarov said.

"If now 70% of the component base for the space industry is produced in the US, believe me, if these sanctions are introduced, and last at least a year, I can bet that in five years the share of components produced in the US will be much smaller - 40-50%. The situation will inevitably change considerably," Komarov said on Rossiya 24 (Russia 24) TV channel on Friday.

"With the demand for such components another producer, who will be able to supply them to the market, will appear," he said.

"We are certain that if such a situation emerges, someone else will produce the components being produced in the US," Komarov said.

Source: Voice of Russia