Russia, China round up joint naval exercise in Baltic SeaMilitary & Defense July 27, 21:27
Chechen leader says he is ready to quit his job to protect al-Aqsa Mosque in JerusalemSociety & Culture July 27, 21:07
Russian tennis star Sharapova granted wildcard for WTA tournament in CincinnatiSport July 27, 20:11
Russia invites Baltic partners to attend naval review in St. PetersburgMilitary & Defense July 27, 19:38
Russia’s new ambassador to Turkey presents his credentials to ErdoganRussian Politics & Diplomacy July 27, 19:03
Deadly wildfires in southern EuropeWorld July 27, 18:20
Russia interested in cooperation with Finland on Arctic environmentBusiness & Economy July 27, 18:14
New US anti-Russia sanctions way to pursue its economic interests with cynicism — PutinRussian Politics & Diplomacy July 27, 18:11
Moscow surgeons separate newborn Siamese twins conjoined at head in 30 minutesSociety & Culture July 27, 17:57
VLADIVOSTOK, September 2. /TASS/. The US sanctions against the builders of the Kerch Strait Bridge will not affect the construction of the facility, Russian Transport Minister Maxim Sokolov told TASS in an interview at the Eastern Economic Forum on Friday.
"I want to underline that this will neither affect the terms of the project’s implementation nor the order or amount of financing, nor the materials used nor their supplies as these technologies and materials are ‘import-replacing’ and their major part is manufactured on the territory of this country," Sokolov said.
The US government on Thursday extended the list of Russian individuals and legal entities subject to unilateral US economic sanctions over relation to the conflict in Ukraine. The sanctions were slapped on the companies linked to the construction of the Kerch Strait Bridge, including the project designer Gidrostroymost, the general contractor SGM-most, the ordering customer Uprdor Taman of the Federal Road Agency and one of contactors Mostotrest.
The Kerch Strait Bridge is expected to open in December 2018 and connect Crimea’s Kerch to mainland Russia. The multi-billion dollar construction is fully financed from the Russian federal budget as part of the program titled "The Social and Economic Development of the Republic of Crimea and the City of Sevastopol through to 2020."
According to the Kremlin spokesman, consequences of western sanctions should not be overestimated and plans for the development of the country’s economy and major investment projects remain in force.
"We are undoubtedly facing negative consequences of the sanctions but their volume should not be overestimated," Peskov told reporters. "You know that despite certain difficulties, plans for the economic development and implementation of major projects remain in force."