Monday, June 22, 2015

Russia likely to extend counter sanctions against EU

Moscow is expected to extend its retaliatory measures against the EU and lifting the 28-member bloc’s sanctions "will yield little to the country," a senior Russian lawmaker, first deputy chairman of the lower house’s foreign affairs committee said on Monday.

"Russia will naturally extend its counter sanctions against the EU and the lifting of the EU sanctions against Russia will give little to us already," Leonid Kalashnikov said, explaining that "the US practically fully controls the European financial market."

"The US laws are extraterritorial and the access to financial markets was closed for us largely after America imposed its sanctions on Russia that it will never cancel," the lawmaker said.

In this situation, Russia should "develop its economy and its financial markets calmly, and adopt laws on foreign currency control and act like a large sovereign country does, namely like America," he said.

"They have shown us the path. Russia should protect its Constitution, and return to the priority of national legislation over the foreign one, as it was done in America, and withdraw from European conventions that harm rather than help us," the lawmaker said.

The EU Council at the foreign ministers’ level extended the economic sanctions against Russia on Monday for six months until January 31, 2016.

 The decision comes in an effort to implement in full the February 12 Minsk agreements on Ukraine, a spokeswoman for the council’s external affairs service, Susanne Kiefer said.




  1. Carter: No Desire for Conflict With Russia...

    U.S. Defense Secretary Ash Carter said Monday there is neither a desire for a return to a Cold War nor for a new conflict with Russia, and that economic sanctions are having an effect in countering Russian "aggression" in Ukraine.

    He spoke at a forum in Berlin where he was also meeting with German Defense Minister Ursula von der Leyen. Both were due to travel later Monday to Muenster to meet with their counterparts from Norway and the Netherlands.

    Carter said that while the West is not looking to be enemies with Russia, it will defend itself if necessary.

    "Ukraine is only one part of our larger concerns these days about Russia. In response, we are taking a strong but balanced strategic approach, an approach that seeks to ensure Russia cannot force anyone to turn towards the past, all the while welcoming and encouraging Russia to turn back towards the future," Carter said..........

  2. Russia to extend ban on Western food imports until early 2016...

    Russia plans to extend a ban on Western food imports for six months starting from early August, after the European Union extended its own sanctions against Moscow, Russian officials said on Monday.

    European Union foreign ministers extended economic sanctions against Russia until Jan. 31 on Monday, keeping up pressure on Moscow to help resolve the Ukraine conflict....REUTERS

  3. Russia may take retaliatory measures against the seven countries that have backed EU sanctions....

    "Certainly, retaliatory steps may follow," presidential spokesman Dmitry Peskov told the media. "We say once again that the principle of reciprocity is a fundamental one."

    Seven European countries — Montenegro, Albania, Iceland, Norway, Lichtenstein, Ukraine and Georgia have reaffirmed to the EU Council they prolonged the participation in the EU’s sanctions against Crimea and Sevastopol till June 23, 2016, as follows from a statement by the EU high representative for foreign affairs and security policy, Federica Mogherini, published on the EU Council’s website on July 28.

    Six of these countries except Georgia also joined the EU’s decision of July 22 to prolong economic sanctions against Russia till January 31, 2016.

    The EU membership aspirants (Montenegro and Albania and the countries affiliated with the European Free Trade Association: Iceland, Norway and Lichtenstein and also Ukraine and Georgia, which are neither EU aspirants or EFTA members, joined the EU Council’s declaration of June 19 prolonging the operation of the EU’s restrictive measures against Crimea and Sevastopol till June 23, 2016, Mogherini’s statement runs.


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