Lavrov says Russia-Belarus relations developing in working modeRussian Politics & Diplomacy February 21, 21:48
Condolence book in memory of Churkin opened at Russia’s Permanent Mission to UNWorld February 21, 20:53
Ukrainian billionaire Dmitry Firtash detained in Vienna at Spain’s requestWorld February 21, 20:40
UN secretary-general offers Lavrov condolences on Churkin’s deathWorld February 21, 19:53
OPEC does not see problems regarding growth of Russian oil exportBusiness & Economy February 21, 19:46
Kremlin to bake 100,000 pancakes for MaslenitsaSociety & Culture February 21, 19:23
Production of Mercedes Benz cars to start in Russia in 2019Business & Economy February 21, 18:43
UN Security Council holds a minute of silence in memory of Russia’s deceased envoyWorld February 21, 18:30
Russia and US might launch joint operations against terrorists in Raqqa — ministerWorld February 21, 18:17
MOSCOW, July 17. /ITAR-TASS/. New sanctions imposed by the United States on Russian major companies and banks will spur Russia to modernize its economy, says Alexander Nekipelov, vice president and academician of the Russian Academy of Sciences, chairman of the board of directors of top Russian oil producer Rosneft.
“The economy of Russia has sufficient strength,” Nekipelov told ITAR-TASS on Thursday. “We cannot avoid damages in the short term, but in the long term these sanctions will make our economy take those measures we had no opportunity to employ under routine conditions.”
“Russia will reconsider its attitude towards science, development of its own technologies and economic modernization,” he said. “This will allow us to take those steps we have not taken before.”
“Sanctions usually break off particular ties, which are as a result of mutual interest,” the academician said. “That is why any sanctions affect both parties.”
The US expanded its sanctions against Russia on Wednesday over what Washington says is Moscow's reluctance to curb violence in Ukraine.
The largest firms sanctioned are the Russian state-controlled oil giant Rosneft, Russia's biggest oil producer; NOVATEK, the second-biggest gas company; Gazprombank, the bank connected with the country's gas-export monopoly; and Vneshekonombank (VEB), a state-owned development lender that provided much of the backing for the Sochi Olympics construction project.
Besides the major firms, the US also targeted additional Kremlin officials and two self-proclaimed entities in eastern Ukraine: the Donetsk People's Republic and Luhansk People's Republic. A number of smaller defense-related companies, including the iconic Kalashnikov Consortium and munitions producer Bazalt, also were hit with punitive measures.