Currency converter
All news
News Search Topics
Use filter
You can filter your feed,
by choosing only interesting

No additional sanctions against West under consideration in Russia — minister

August 28, 2014, 15:15 UTC+3 MOSCOW

The minister said that under the current circumstances it is necessary to proceed from “how reasonable approaches of our EU and US partners would be”

1 pages in this article
© ITAR-TASS/Mikhail Metzel

MOSCOW, August 28. /ITAR-TASS/. The Russian government has not planned any additional packages of sanctions against the West, Russian Industry and Trade Minister Denis Manturov said on Thursday.

“As of today there are no additional restrictive measures approved by the Russian government,” Manturov said.

“We on behalf of the Industry and Trade Ministry were not preparing any proposals on any additional measures,” the minister added.

The minister said that under the current circumstances it is necessary to proceed from “how reasonable approaches of our EU and US partners would be.”

Infographics Economical sanctions against Russia

Economical sanctions against Russia

The USA, EU, Canada and Australia have introduced sanctions against Russia over its involvement in the Ukrainian crisis. Infographics by ITAR-TASS
“We hope that the projects, which are currently implemented [on the Russian territory] would continue,” Manturov added.

The industry and trade minister also said that statements concerning any possible additional sanctions “must be consolidated and voiced by the government as a whole.”

Last week, Vladimir Gutenyov, who is first deputy chairman of the State Duma industry committee, first vice-president of the Russian Machine-Building Union and a deputy from the ruling United Russia party, told journalists that a possibility was real for Russia’s ban on car, tobacco and wine imports from the European Union and the United States in response to the West’s sanctions policy.

The lawmaker said that Russia had reserved the right in the process of its accession to the World Trade Organization (WTO) to impose temporary restrictions, if there was a security threat to domestic producers. Gutenyov added that Russia could also switch to Asian industrial markets to secure reliable supplies for domestic producers.

In response to Western sanctions, President Vladimir Putin signed a decree on August 6 to ban for one year the imports of agricultural, raw and food products from the countries, which imposed sanctions against Russia.

Prime Minister Dmitry Medvedev announced on August 7 that the Russian government imposed a one-year ban on imports of beef, pork, poultry, fish, cheeses, fruit, vegetables and dairy products from Australia, Canada, the European Union, the United States and Norway.

The list of the banned products includes cattle meat (fresh, chilled and refrigerated), pork (fresh, chilled and refrigerated), poultry meat and all poultry edible by-products, salted meat, pickled meat, dried meat, smoked meat, fish and shell fish, clams and other water invertebrates, milk and dairy products, vegetables, edible roots and tuber crops, fruits and nuts, sausage and analogous meat products, meat by-products or blood, as well as products made of them, ready-to-eat products including cheeses and cottage-cheese based on vegetable fats.

The United States and the European Union, as well as Japan introduced a range of sanctions against Russia after Crimea’s merger with the country and over Moscow’s alleged involvement in armed standoff in Ukraine’s southeast.

Moscow repeatedly rejected the threats of broader sanctions saying the language of penalties is counterproductive and will strike back at Western countries.

Show more
In other media
Partner News