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EU, US sanctions against Russia cause perplexity, restrictions can’t have one-sided effect

July 17, 2014, 20:46 UTC+3
Political, administrative pressure on largest European banks is of destructive nature, the ministry adds
1 pages in this article
Russian Foreign Ministry building in Moscow

Russian Foreign Ministry building in Moscow

© ITAR-TASS/Gennady Khamelyanin

MOSCOW, July 17./ITAR-TASS/. EU, US sanctions against Russia cause perplexity, restrictions can’t have one-sided effect - Russian Foreign Ministry

Political, administrative pressure on largest European banks is of destructive nature, the ministry added.

Russian Foreign Ministry disappointed with European Council’s decision to push for halting the financing of new projects by EBRD and EIB in Russia.

Political and administrative pressure on the largest European banks is of destructive nature, the Russian Foreign Ministry said in a statement on Thursday.

“We are disappointed by the decision of the European Council to seek suspension of financing of new projects by the European Bank for Reconstruction and Development and European Investment Bank in Russia,” the ministry said.

“Such actions by our Western partners, who in this way render political nd administrative pressure on the largest European credit organizations are of destructive nature and contradict the fundamental principles of these institutions,” it said.

The US government has announced new sanctions against Russia over the events in Ukraine. The penalties will apply to individuals and companies both in Russia and Ukraine.

The sanctions apply to Russian State Duma Deputy Speaker Sergei Neverov, Minister for Crimean Affairs Oleg Savelyev, Russian presidential aide Igor Shchegolev, Federal Security Service (FSB) Colonel General Sergei Beseda, and a leader of the self-proclaimed Donetsk People’s Republic (DPR) in eastern Ukraine, Alexander Borodai.

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