Though the international market conditions create a difficult situation for Russia, the country will withstand, Russian Prime Minister Dmitry Medvedev said on Saturday.
"The situation of the international financial market for our banks is unfavorable, almost all positions are barred from obtaining foreign liquidity, i.e. foreign funding," Medvedev said in an interview with Russian television channel Russia 24.
The prime minister stressed that "it was a judgment call by our European partners," adding, "We believe that it is pointless and just ugly in relation to Russia and we can live without this."
The new restrictions introduced on September 12 target Russia's largest banks, oil and defense companies, as well as certain individuals. The companies were denied access to the European capital markets, while a number of individuals were subject to entry bans and asset freezes.
Moscow has responded to previous rounds of Western sanctions with a one-year food ban that targets a range of products from the countries that implemented sanctions against Russia. Russian President Vladimir Putin claimed the country would retaliate with countermeasures but details have not yet been revealed.
No comments:
Post a Comment