Lavrov: China, ASEAN interested in organization of Eurasian partnershipRussian Politics & Diplomacy May 28, 11:45
MC-21 airliner makes first test flight - sourceBusiness & Economy May 28, 11:00
Putin sends greeting to Border Guard on their professional holidayMilitary & Defense May 28, 10:57
Ukrianian court puts on hold lawsuit against ban on Russian social networksWorld May 28, 6:10
Russia’s Lasitskene wins high jump in Diamond League event in Eugene, USSport May 28, 4:59
Havana Airport gets Russian-made air traffic control systemsWorld May 28, 4:16
Guests of FIFA 2018 World Cup sure to get warm welcome in Russia — LavrovSport May 28, 2:25
Kantemir Balagov’s "Closeness" gets Cannes Festival’s International Critics’ PrizeSociety & Culture May 28, 1:03
Anti-church laws in Ukraine may cause religious strife — Ukrainian Orthodox ChurchWorld May 28, 0:22
YEREVAN, March 30. /TASS/. Russia fears no sanctions and qualifies them as economic and political blackmail, Speaker of Russia’s State Duma (the lower house of the country’s parliament) Sergey Naryshkin said during his visit to Yerevan on Monday.
The sanctions "have no legal basis," the speaker said, addressing the Armenian National Assembly. "To call things by their proper names, this is political and economic blackmail," the State Duma speaker said.
"But they [the countries that have imposed sanctions against Russia] won’t be able to achieve anything," the speaker said.
Western countries imposed several sets of sanctions against Russia last year over its stance on developments in neighboring Ukraine. The sanctions range from visa bans to restricted access for Russian companies and banks to western capital markets.
The sanctions were a major cause for the ruble’s slump at the end of last year amid a ban on Russian companies and banks to raise medium-and long-term financing on international capital markets and the need to repay large foreign currency liabilities.
However, the Russian currency has rebounded since early 2015, rising by more than 13% against the dollar and the euro. The ruble has pared most of its losses since mid-December 2014 when it fell to a record low of 80 rubles to the dollar and 100 rubles to the euro.
The Russian economy is recovering despite western sanctions while the ruble has been less volatile than any of the world’s 30 major currencies this year, Bloomberg analysts said.