Monday, 22 October, 2018

Russian Federation slams new USA sanctions

Britain's Foreign Secretary Jeremy Hunt attends a joint news conference with Finland's Foreign Minister Timo Soini in Vantaa Finland Image Jeremy Hunt will address an audience in Washington
Kenneth Drake | 24 August, 2018, 03:33

He claimed Russian Federation is making the world more unsafe.

The Russian ruble briefly fell Thursday to its lowest level against the dollar since April 2016 amid fears of new economic sanctions by the United States.

Russian Foreign Minister Sergei Riabkov told RIA Novosti the United States sanctions "have no influence on our policy", adding that they will be on the agenda Thursday in Geneva in talks between USA national security advisor John Bolton and his Russian counterpart Nikolai Patrushev.

The EU now has economic sanctions in place until the end of January against Russian Federation over its role in the conflict in Ukraine, which has killed some 10,000 people and still simmers.

"The imposition of such sanctions could have significant economic effects, as it could impact capital flows and the ability of Russia and Russian entities to borrow in the worldwide capital markets", he said.

The consequences of American economic restrictions "are felt far beyond the affected organizations and individuals", said Mandelker.

"Russia is the optimum supplier for the European economy", Putin said.


Direct investment in Russian Federation from other major economies also fell over this period.

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On Wednesday, Russian President Vladimir Putin slammed the latest USA sanctions, which have weighed on the rouble and forced Russia's economy minister to expect lower economic growth.

"From January 2017, the administration imposed sanctions against 217 Russian legal entities and individuals for a variety of reasons, 200 of which have entered the Office for foreign assets control of the U.S. Treasury Department".

As U.S. threat of sanctions on Russian Federation will take into effect around August 22, U.S. Under Secretary of Treasury Sigal Mandelker said Tuesday that Washington will impose "much more economic pain" to Russian Federation if it does not change its global behaviors significantly.

"The significance of our actions and other financial measures must ultimately be measured in terms of their strategic impacts", she added.

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