Expert believes US bill on anti-Russian sanctions may trigger Cold WarRussian Politics & Diplomacy July 27, 16:03
Keying into the Russian Central Bank's key rateBusiness & Economy July 27, 15:59
Decision to strip Saakashvili of Ukrainian citizenship ‘not Kremlin’s problem’Russian Politics & Diplomacy July 27, 15:43
NHL three-time Stanley Cup winner Malkin still hopes to play for Russia at 2018 GamesSport July 27, 15:33
Brazilian football team’s staff kick off Russian language practice ahead of 2018 World CupSport July 27, 14:48
Kremlin explains why commenting on new US envoy pick would be inappropriate nowRussian Politics & Diplomacy July 27, 14:37
Kremlin comments on EU sanctions against RussiaRussian Politics & Diplomacy July 27, 14:36
Russian, Finnish presidents to discuss stability, security in Baltic regionWorld July 27, 14:24
Putin appoints Russia’s permanent representative to UNRussian Politics & Diplomacy July 27, 13:41
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.