Date: 5 months ago   Category: Russia

The Ministry of Finance of the Russian Federation called new sanctions of the USA nonlethal


The Ministry of Finance of the Russian Federation called new sanctions of the USA nonlethal
Moscow in response to new sanctions from Washington will continue to reduce investments in the American securities and will increase payments in national currency. The Minister of Finance of the Russian Federation Anton Siluanov has said that new sanctions of the USA will be "unpleasant, but nonlethal" an event for the Russian economy. On air of TV channel Russia 1 it has noted that the economy of the Russian Federation in recent years adapted to restrictive measures. According to the minister, Russia has the strong balance of payments which allows the country to increase gold and foreign exchange reserves. He has also said that Moscow in response to possible new sanctions from Washington will continue to reduce investments in the American securities. In addition, according to him, Russia will also increase payments in national currency. Also Siluanov has allowed refusal of dollar at trade in oil. As it was reported, the State Department of the USA has expressed the intention to impose new sanctions against Russia because of poisoning of the former employee of GRU Sergey Skripal and his daughter Yulia in the British Salisbury. New measures plan to enter into two stages. On the first the ban of deliveries to Russia of the American goods connected with national security including electronic engineers of dual purpose is provided. If the Russian side doesn't provide guarantees of refusal of use of chemical weapon and won't agree to the admission of the international inspectors, the second stage will follow. Washington promises to lower the level of diplomatic contacts, to forbid airline ​Аэрофлот to fly to the USA and also to reduce mutual trade to a minimum and to interfere with Russia in receiving the international bank credits. Moscow has declared officially that won't satisfy the conditions for removal of new sanctions delivered to the USA. The prime minister of the Russian Federation Dmitry Medvedev has compared imposition of new sanctions to the announcement of economic war. We will remind that after emergence of information on new sanctions the rate of Russian ruble has promptly fallen and I have updated a two-year minimum.

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