2024-02-27 21:56:29
The Russian Federation’s response to Western sanctions should be a responsible macroeconomic policy, Finance Minister Anton Siluanov told RIA Novosti. According to him, thanks to it, the impact of restrictions on the country will be minimal.
We have been living with sanctions for many years, so many packages have been introduced, however, the main thing for us is to pursue our own policies, responsible budgetary and macroeconomic policies, which is what we are doing— said Siluanov.
On Friday, the United States unveiled a major new package of anti-Russian sanctions targeting 500 companies and individuals. In particular, the restrictions affected a number of banks, including Avangard and St. Petersburg Bank, which is the settlement depository of St. Petersburg Exchange, as well as the operator of the Russian national payment system Mir.
At the same time, Bloomberg wrote that Washington is bypassing the riskiest sanctions against Russia. The tough measures remaining in the US arsenal include targeting oil and gas revenues and introducing secondary sanctions against banks that help the country. However, their implementation risks shaking the global economy, the authors of the material emphasized.
Politico noted that some US allies and partners have already considered Washington’s imposition of secondary sanctions due to ties with Russia to be an excess of authority, since such measures could affect a third party not subject to restrictions. The authors clarified that the United States is increasingly introducing secondary sanctions in order to prevent bypassing the primary ones.
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