US-led coalition denies charges of US units leading Syrian 'opposition' through IS linesWorld September 25, 18:49
Supplies of S-400 systems to Turkey may begin within two yearsMilitary & Defense September 25, 18:14
Ukraine involved in illegal arms deliveries to South Sudan — Amnesty InternationalWorld September 25, 18:01
Russian general's death in Syria result of US double-dealing in war on terror — diplomatRussian Politics & Diplomacy September 25, 17:42
Russia's top diplomat says conditions in Syria ripe for defeating terroristsRussian Politics & Diplomacy September 25, 17:07
Russian envoy notes US actions in Syria as Washington's true colors on anti-terror policyRussian Politics & Diplomacy September 25, 17:00
Economy minister believes new technologies will drive Russia’s economyBusiness & Economy September 25, 16:50
Russian, German scientists boost gas sensor accuracy that can be used in detecting cancerScience & Space September 25, 16:45
US may try to sponsor protests ahead of presidential election in Russia, diplomat warnsRussian Politics & Diplomacy September 25, 16:36
No response has followed but it is possible. Brussels does not rule out Russia would take measures such as toughening regulatory norms for European imports - from cars to foods. The worst scenario, European experts say, would be disposal of European companies’ assets in Russia, which would deliver a heavy blow to European manufacturers - a measure that analysts in Brussels describe as economic nuclear weapon.
Nobody would survive nationalization of foreign property as nobody would survive a nuclear attack, financial analyst at Academy+ consulting company Bruce O’Connor told ITAR-TASS. This would deliver a disastrous blow to European companies operating in Russia but no less would be the impact on foreign investments in Russia, he said, predicting panicky capital flight.
Russian Deputy Foreign Minister Grigory Karasin outlined the general picture: “Speaking the sanction language with Russia does not make any sense. Sanctions will help us summon up so that Russia will have a more effective economy and a healthier society free of illusions.”
Heads of some major Russian corporations are not easily upset either.
President of the United Aircraft Corporation Mikhail Pogosyan does not expect any effect on implementation of state defense procurement: “We make all necessary decisions in cooperation with ministries of defense and industry and trade that give us reasons to say the defense procurement will be carried out 100%” This year $1.5 billion procurement is 10% above 2013 figures.Rosneft oil giant President Igor Sechin said the company worked “under different conditions and are ready for volatility linked to the sanctions. We’ll work for better efficiency, postpone some projects, but effective work will be our priority”.
Oil and gas British Petroleum hopes “dialogue and diplomacy” will resolve the international political disagreement over Russia, said BP chief executive Robert Dudley. The company had long-term investments in Russia and observed the situation, he added.
BP financial statements explain this attention: “If further international sanctions are imposed on Rosneft or new sanctions are imposed on Russia or other Russian individuals or entities, this could have a material adverse impact on our relationship with and investment in Rosneft, our business and strategic objectives in Russia and our financial position and results of operations.”
As for financial prohibitive measures, Visa and MasterCard payment systems already announced they had no plans to disconnect cards of VTB, Bank of Moscow and Russian Agricultural Bank (RusAg).
The Central Bank of Russia said it was ready to revise the situation of the sanctioned Russian banks if needed and pledged adequate measures to protect interests of their customers.